Nagpur solar capital? Waaree, Reliance, B'luru firm seek land for solar panel projects
Reliance Infrastructure has put up a request before Maharashtra Industrial Development Corporation (MIDC) to acquire over 1,000 acres of land. Waaree Energies, which has been allotted 300 acres in Butibori Industrial Estate of MIDC, has applied for an additional 700 acres, said sources. A Bengaluru-based company, Powerin Urja, has also put up a request for 200 acres near the city.
MIDC has initiated the process of acquiring land on behalf of the companies, said sources.
The three companies plan to manufacture solar panels, a key component for generating solar power. The developments indicate Nagpur will soon emerge as a hub for solar power equipment manufacturing, said sources.
Last month, Avaada Electro, the first in the sector to start operations, began manufacturing solar panels and emerged as the first to make 720Wp solar panels in the country. The company also plans to manufacture solar cells by October.
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Making cells in Nagpur will eliminate dependence on China, said sources.
Ashish Kale, chairman of Association of Industrial Development (AID), said this is expected to draw more players to Nagpur and open opportunities for local industries, especially in light of the rising demand for alternative energy.
"Avaada has started production in record time. With this, other companies are expected to follow suit. Moreover, incentives offered by the state govt are much more lucrative compared to other states, on account of refunds available on state goods and service tax (SGST)," said industrial consultant Julfesh Shah.
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