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
