Emmvee to Invest INR 15,000 Crore to Set Up Solar PV Cell and Module Manufacturing Facility in Karnataka
Emmvee Group, a Bengaluru-based solar PV panel manufacturer, plans to invest INR 15,000 crore in phases to set up cutting-edge solar photovoltaic cell and module manufacturing facility, along with key ancillary components. The company signed an MoU for the same at the recently concluded Invest Karnataka 2025.
February 21, 2025. By Mrinmoy Dey
He further shared that the company signed an MoU to establish a cutting-edge solar photovoltaic cell and module manufacturing facility, along with key ancillary components during the recently concluded Global Investors Meet (GIM) – Invest Karnataka 2025.
“With this ambitious project, Emmvee aims to create 10,000 jobs, further strengthening Karnataka’s position as a hub for clean energy innovation. This INR 15,000 crore investment marks a major milestone in the state’s journey toward sustainable and self-reliant energy solutions,” stated Patil.
In the first phase, Emmvee Group will invest INR 5,000 crore to establish a 5 GW solar power manufacturing facility, generating 10,000 jobs. The company has sought 120 acres in the Bengaluru IT Investment Region (ITIR) for the project, a request the government will evaluate, Patil stated.
Emmvee Group's upcoming plant is expected to enhance green energy production and contribute to sustainable development.
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