Suryaa Business Desk: Leading energy company Jackson Solar has taken a sensational decision to accelerate the production of renewable energy sources in India. Solar... Leading energy company Jackson Solar has taken a sensational decision to accelerate the production of renewable energy sources in India. The company has officially announced that it will invest up to 525 million dollars to show its leadership in the field of solar power.
It has been revealed that this capital will be used for setting up solar cells, ingot and wafer manufacturing units. The main objective of the project is to reduce the dependence on imports by domestically sourcing the raw materials required for manufacturing solar modules. At a time when the demand for clean energy is increasing exponentially in the global market, setting up of these new plants will be crucial to meet India's green energy goals. Jackson Solar plans to provide quality products using the latest technology required in the solar sector.
Industry sources predict that this massive investment will create hundreds of job opportunities in the country and give a strong impetus to the local manufacturing sector (Make in India). The role of domestic companies in achieving the renewable energy targets set by India is ever increasing. Experts opine that by strengthening the solar supply chain domestically rather than relying on foreign imports, long-term price control is possible. This bold decision by Jackson Solar will not only stand as a milestone in the domestic solar manufacturing sector, but will further strengthen India's position in the international market.
