India's Solar PV Manufacturing Expands Significantly

30 Sep 2024 CW Team

India's solar photovoltaic (PV) module manufacturing capacity has seen an impressive increase from 2.3 GW in 2014 to 67 GW in 2024, driven by the government's "Make in India" initiative and key policy interventions. According to the Ministry of Renewable Energy, the capacity jump reflects the government's efforts to make India self-reliant (Atmanirbhar) in solar PV manufacturing and establish it as a global leader in the clean energy value chain. The Production Linked Incentive (PLI) scheme, with an outlay of ?24,000 crore for high-efficiency solar PV modules, has been a significant factor in this growth.

Union Minister for New and Renewable Energy, Pralhad Joshi, highlighted the immense contribution of India's renewable energy sector during the #10YearsOfMakeInIndia celebration. The government has been extending full support through various schemes, including PLI and Viability Gap Funding (VGF), to boost domestic industries and promote green energy solutions.

In addition to the growth in solar PV modules, other renewable energy equipment manufacturing—such as wind turbines, electrolysers for green hydrogen, and battery energy storage systems—has also gained momentum. The solar PV manufacturing sector has surged notably, with production capacity rising from 8 GW in 2021 to 67 GW in 2024.

Currently, over 48 GW of solar PV manufacturing projects are under implementation, expected to attract investments of around ?1.1 lakh crore and generate employment for approximately 45,000 people. These initiatives are vital in meeting domestic demand while positioning India as a key player in the global renewable energy sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..