RenewSys India Pvt Ltd signed an MoU with the Industries Department, Govt of Telangana for setting up of multiple PV modules and PV Cell manufacturing units in Telangana.
The MoU was signed in the presence of Minister for Industrial and Commerce, ITE&C, and Legislative Affairs in their factory premises at Fab City, Maheshwaram, Rangareddy District. Prl Secretary Shri Jayesh Ranjan, IAS, Dr. Vishnu Vardhan Reddy, IFS, VC& MD TSIIC and Shri Srinath Naidu, Chief Admin officer were present at the occasion.
RenewSys is a globally renowned company headquartered in Singapore and has set up India’s first integrated manufacturing facility of solar PV modules and its key components – Encapsulants, Backsheets, and PV cells. It is one of the leading players in this sector, successfully exporting PV products to nearly 50 countries worldwide.
RenewSys India currently has three manufacturing plants in India – in Hyderabad, Bengaluru and Patalganga with Hyderabad factory being their largest integrated facility.
With the signing of the MoU, the company has committed to make a phased investment of around 6000 crores generating a direct employment to 11,000 members over the next 5 years and further expand their operations in Telangana.
