Jakson Solar to invest ₹5,000 crore in 3 GW each of solar cells, ingots

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The company’s expansion plans come as India strengthens domestic solar manufacturing requirements and seeks to reduce dependence on imported components

By Reuters

Updated - October 26, 2026 at 07:45 PM. | NEW DELHI

FILE PHOTO: Jakson Solar plans to expand its manufacturing operations with new solar cell and ingot-wafer facilities, adding to its existing 1.2 GW solar module capacity. | Photo Credit: AMIT DAVE

India's Jakson Solar plans to invest up ​to 50 billion rupees ($525.2 million) to ‌build 3 gigawatts (GW) each of solar cell ​and ingot-wafer manufacturing capacity, a ⁠top company executive said.

* Jakson Solar aims to commission 3 GW of ‌solar cell manufacturing capacity by December 2027, Managing Director Ivan Saha ‌said on the sidelines of ‌the ⁠Renewable Energy India Expo

* The ⁠company plans to set up 3 GW of solar ingot and wafer manufacturing capacity ​by the third ‌quarter of fiscal year 2028

* The facilities will primarily cater to the merchant market, Saha said

* Jakson ‌Solar already has a 1.2 ​GW solar module-making plant

* Equipment procurement tie-ups for manufacturing have already ⁠been secured, Saha said

* Developing a domestic manufacturing ecosystem across the solar ‌chain is necessary to avoid potential supply shocks, Saha said

* India, which is counting on solar energy to help achieve its 2070 net-zero emissions target, has already mandated ‌the use of domestically manufactured solar modules ​and cells

* The government has also laid out a framework ⁠to extend local-content requirements to solar ingots ⁠and wafers from June 1, 2028, in a move aimed ‌at deepening domestic manufacturing and reducing import dependence on China

Published on October 26, 2026

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