Surya International’s Green Bet: ₹80 Cr Odisha Investment – EQ
In Short : Renewable firm Surya International will invest ₹80 crore to set up solar module and energy storage battery manufacturing units in Odisha. The project supports India’s domestic clean energy push and Odisha’s industrial growth, creating local jobs while reducing import dependence. This aligns with national goals of 500GW renewable capacity by 2030 and energy self-reliance. Operations expected within 18 months.
In Detail : Renewable energy solutions provider Surya International has unveiled plans to invest ₹80 crore in Odisha, marking a significant development in the state’s clean energy sector. The investment will establish manufacturing facilities for solar modules and energy storage batteries, addressing the growing demand for renewable energy components in eastern India. This move comes as part of India’s broader push to strengthen domestic manufacturing in the solar power sector.
The proposed facilities will focus on producing high-efficiency solar panels and advanced energy storage systems, crucial for stabilizing renewable energy supply. By localizing production, Surya International aims to reduce dependence on imports and contribute to the government’s Atmanirbhar Bharat initiative in the energy sector. The investment is expected to create numerous direct and indirect employment opportunities, boosting Odisha’s industrial and technical workforce.
Odisha’s strategic location and improving infrastructure make it an attractive destination for renewable energy investments. The state government has been actively promoting clean energy projects through various incentives and policy support. Surya International’s investment aligns perfectly with Odisha’s vision to become a renewable energy hub while supporting India’s ambitious target of achieving 500 GW renewable energy capacity by 2030.
The solar module manufacturing unit will cater to both utility-scale projects and rooftop installations, while the battery storage facility will focus on solutions for solar power stabilization. This dual approach addresses two critical challenges in renewable energy adoption – efficient generation and reliable storage. The project is expected to significantly enhance the region’s renewable energy ecosystem and supply chain.
Industry experts highlight that such investments are crucial for India to meet its climate commitments and reduce solar component imports, primarily from China. The timing coincides with increased government focus on domestic manufacturing through production-linked incentive (PLI) schemes for solar equipment. Surya International’s move could potentially inspire similar investments in the region, creating a renewable energy manufacturing cluster in Odisha.
The company plans to commence operations within the next 18 months, with detailed project planning currently underway. This investment not only strengthens Odisha’s position in India’s renewable energy map but also contributes to the state’s economic development. As India accelerates its energy transition, such localized manufacturing initiatives are expected to play a pivotal role in achieving both energy security and sustainability goals.
