Emvee Energy a prominent solar photovoltaic panel manufacturer based in Bengaluru has unveiled plans to invest Rs 15,000 crore in establishing a large-scale manufacturing facility. This ambitious project aims to generate 10,000 jobs and will be executed in phases. The initial phase involves an investment of Rs 5,000 crore to set up a facility with a power generation capacity of 5 gigawatts (GW).
Strategic Location in Bengaluru’s IT Investment Region
Karnataka’s Industries Minister, M.B. Patil, confirmed that Emvee Energy has requested 120 acres of land within Bengaluru’s IT Investment Region (ITIR) for this project. The ITIR, situated beyond Kempegowda International Airport, is a pivotal area designated for industrial and technological advancement. Minister Patil assured that the state government would facilitate this land allocation after thorough evaluation.
Alignment with Invest Karnataka 2025 Initiatives
This significant investment aligns with the proposals formalized through a memorandum of understanding (MoU) at the recently concluded Global Investors Meet – Invest Karnataka 2025. The state’s proactive approach in attracting substantial investments underscores its commitment to fostering economic growth and sustainable development.
Emvee Energy’s Contribution to Sustainable Energy
Emvee Energy specializes in manufacturing critical components for solar power systems, including aluminum frames, glass, EPE, JB ribbon, and wafers. The forthcoming plant is poised to enhance sustainable energy development by amplifying green energy production in India. This initiative not only bolsters the renewable energy sector but also contributes to environmental conservation and energy self-sufficiency.
In summary, Emvee Energy’s substantial investment in Bengaluru’s ITIR marks a significant milestone in India’s renewable energy landscape. The project’s phased execution, strategic location, and alignment with state initiatives reflect a concerted effort to promote sustainable growth and technological innovation.
