9MARCH, 2025ASIAMANUFACTURINGREVIEW.COMMICROMAX'S STARTUP ENERGY TO PRODUCE HIGH-EFFICIENCY SOLAR PANELSTATA GROUP TO SET UP ELECTRONICS UNIT, SUPPORT GREEN PROJECTS IN ASSAMFounded by the company, Startup Energy will work on producing high-efficient solar panels for residential, commercial, and industrial applications.In a strategic move, it has entered an agreement with Jinchen-a Chinese enterprise whose main focus is equipment for the renewable energy and new material industries. Jinchen is going to install a 5GW advanced solar module manufacturing line in a phased execution that is equipped with advanced automation and high-efficiency production technologies.Rajesh Agarwal, managing director, Micromax Informatics, said,"At Micromax, we have always been driven by innovation and a commitment to transforming lives through technology. With Startup Energy, we are extending this vision to the renewable energy sector, bringing our expertise in cutting-edge solutions to solar power".With the Indian government eyeing 500 GW of renewable energy capacity to be attained by 2030, the apex demand for high-quality, local solar panels is on the uptick. Startup Energy aims to capitalize on this demand through building a world-class facility producing solar panels. Another of its objectives is to tie up with cutting-edge technologies in developing solar solutions to up energy-efficiency and sustainability through strategic partnerships in R&D.This is Micromax's third major venture in recent months as it dips its hands into diversified operations. It is foraying into assembling and designing mobile phones for other brands right from Greater Noida. It has also collaborated with Taiwan-based Phison to produce memory modules for IT hardware, apart from venturing into OTT content delivery to Indian TV audiences.The company will establish Micromax as an important player in India's renewable energy sector through Startup Energy and contribute towards achieving the nation's ambitious clean energy goals. Tata Group will expand its presence in Assam by setting up an electronics manufacturing unit and by supporting green energy projects in the state. This adds to the ongoing investments of the group, which include Rs 27,000 crore for a semiconductor unit being set up in Jagiroad, thereby ensuring that Assam gets a seat on the development bus."The Tata group has a long and significant association with Assam...Taking forward the group's commitment towards the state, it will invest in another large electronics manufacturing unit soon", said Chandrasekaran.Tata Electronics has begun construction of the semiconductor assembly plant at Jagiroad, in the Morigaon district of Assam, at a cost of Rs 27,000 crore. The plant is set to start 2024 and create 27,000 jobs in Phase one. Phase two is expected to be completed next year when the plant will produce 4.83 crore chips per day using advanced indigenous technologies. Tata production will be supplied to a variety of industries from electric vehicles to consumer electronics, by major multinationals.The new semiconductor facility will soon be established for Rs 27,000 crore with Union Cabinet clearance led by Prime Minister Narendra Modi. Supported by further synergies, Tata Group will continue its unwavering commitment to build Assam as an economic powerhouse while ensuring that India is self-reliant in cutting-edge electronics and green energy space.
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