Avaada Group on Monday said that it has begun work on its manufacturing facility at the Additional Butibori Industrial Park in Nagpur, as part of its Rs 13,650 crore investment plan. Maharashtra deputy chief minister Devendra Fadnavis laid the foundation stone for the project.
The facility will focus on the entire solar value chain, from ingot-wafer to PV cell and module production. It will also produce next-generation batteries and electrolyzers. Avaada aims to strengthen domestic supply chains by establishing ancillary units to manufacture module glass and frames, ensuring the timely delivery of high-quality PV modules, the group said.
In its first phase, Avaada plans to launch a wafer-to-module project with a capacity of 5 GW for solar cells and 3 GW for modules. These cells will support the company’s existing Dadri Module Plant, utilising TOPCon Cell Technology to produce high-efficiency cells and modules, it said.
The project is expected to create over 5,000 new jobs across various roles. Additionally, Avaada is committed to partnering with local ITIs (Industrial Training Institutes) to support skill development, particularly for operators and technicians, ensuring a steady pipeline of skilled talent.
Avaada also plans to establish ancillary units that will generate approximately 1,000 jobs. These units, focusing on the production of glass, aluminum frames, junction boxes, and other components, will contribute to the company’s efforts to build a strong domestic supply chain.
Vineet Mittal, chairman of Avaada Group, said, “This project is a crucial milestone in Avaada’s journey towards driving India’s clean energy goals. Through strategic partnerships, local job creation, and advanced technologies, we are committed to shaping India’s renewable energy landscape, creating this ecosystem, while contributing to the country’s broader economic and environmental objectives.”
Avaada’s new facility, described as a “super factory,” is designed as a fully integrated facility with world-class amenities. It will include transportation services, safety measures, on-site medical rooms, a crèche for employees’ children, and sports facilities, ensuring a high quality of life for all workers.
From: financialexpress
Financial News
