India will develop complete solar manufacturing ecosystem in four to five years: Avaada Group – EQ
In Short : Avaada Group has announced plans to develop a complete solar manufacturing ecosystem in India within the next four to five years. The company aims to strengthen the country’s solar supply chain by producing high-quality solar panels, cells, and other components domestically. This initiative aligns with India’s goal to become self-reliant in renewable energy production, reduce import dependency, and accelerate the transition to clean energy. Avaada’s investment will contribute to creating jobs, boosting technology innovation, and enhancing India’s position in the global solar market.
In Detail : India is on track to develop a complete solar equipment manufacturing ecosystem within the next four to five years, a task that has taken other countries over two decades to achieve. Vineet Mittal, Founder and Chairman of Avaada Group, shared this ambitious goal during the Abu Dhabi International Petroleum Exhibition and Conference. He emphasized the significant challenges that arise from India’s heavy reliance on imports for solar energy components, which has hindered the growth of the domestic solar sector.
Mittal expressed confidence, however, that this situation would change as India works towards establishing a fully integrated solar supply chain. He pointed out that the country is focusing on scaling up domestic manufacturing capabilities, which will significantly reduce dependence on foreign imports. Avaada Group, under Mittal’s leadership, aims to play a pivotal role in this transformation by setting up a manufacturing campus where solar panels will be produced from scratch, marking a meaningful change in India’s renewable energy landscape.
Avaada’s plans are set to help the country meet its ambitious renewable energy targets, particularly in the solar sector. Mittal discussed how this shift will help India become self-reliant in producing solar components, allowing for faster adoption of solar energy and strengthening India’s position as a key player in the global solar market. Avaada Group’s commitment to eliminating import dependence reflects the broader industry push to ensure that India’s clean energy future is powered by homegrown technology and innovation.
In addition to solar energy, Mittal also highlighted the potential of e-methanol and green ammonia in transforming India’s transport and agricultural sectors. E-methanol, in particular, is seen as a promising fuel for heavy transport, while green ammonia is already being used in India’s Northeast for fertilizer production. Mittal stressed the need for government policies that would support the widespread use of these green fuels, especially through the establishment of a carbon market to further incentivize clean fuel adoption.
The role of hydrogen energy also featured prominently in Mittal’s address. He called for sustained government support, including mandates and off-take contracts, to drive the growth of hydrogen as a clean energy source. According to Mittal, long-term policy frameworks would be critical in ensuring the success of emerging energy technologies, including hydrogen, which could play a crucial role in reducing carbon emissions across various sectors.
Avaada Group’s contributions to India’s clean energy transition are already significant, with plans to build 30 gigawatts of solar and wind power projects. In addition, the company is investing in 5 gigawatt-hours of battery storage and 10 gigawatt-hours of pumped hydro storage. These initiatives are aligned with India’s ambitious target of achieving 500 gigawatts of renewable energy capacity by 2030, positioning Avaada Group as a key player in the country’s renewable energy future.
