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Jakson Engineers has announced a major investment of over INR 8,000 crore to establish a 6 GW integrated solar manufacturing plant in Madhya Pradesh. This two-phase project, the largest of its kind in the state, will manufacture solar modules, cells, and wafers. The decision to invest was influenced by the state's progressive renewable energy policies, which include significant incentives and a commitment to green manufacturing. The plant, which is set to begin production by May 2026, will play a crucial role in bolstering India's domestic solar supply chain and creating over 1,400 jobs once operational.
Jakson Engineers, a part of the Jakson Group, announced a landmark investment of over INR 8,000 crore to build a 6 GW integrated solar manufacturing facility in Madhya Pradesh. The mega project will be located at the Maksi Phase II site and developed in two distinct phases, strengthening India's domestic manufacturing capabilities in the renewable energy sector. Advertisement
The first phase, with an investment of around INR 2,000 crore, will establish manufacturing capacities for 3 GW of solar modules and 3 GW of solar cells. The company anticipates the first modules to roll out by May 2026, with cells following in September 2026. The second phase, with a planned investment of over INR 6,000 crore, will add a 6 GW solar wafer plant, completing the integrated manufacturing ecosystem. This comprehensive facility, once fully operational, will be one of the largest in India, placing Jakson among the leading players in the nation's push for solar self-reliance.
Madhya Pradesh was selected for this project due to its strategic central location and a highly favorable policy environment. The state's Renewable Energy Policy 2025 includes ambitious targets, such as sourcing 50% of its power from renewable sources by 2030 and attracting INR 10,000 crore in equipment manufacturing by 2027. This policy provides incentives like electricity duty exemptions and land rebates, creating a robust ecosystem for green investments.
Jakson Group plans to leverage its unique "four-in-one" business model, which integrates roles as a manufacturer, developer, EPC (Engineering, Procurement, and Construction), and O&M (Operations and Maintenance) provider, to ensure efficiency and cost-effectiveness. This integrated approach, as highlighted by Gagan Chanana, Joint Managing Director & CEO of Jakson Solar Modules and Cells, aims to enhance quality and accelerate the deployment of new technology, bolstering the country's energy security.
Source- PTI
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