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PNN
Surat (Gujarat) [India], July 3: In a significant development for India's renewable energy manufacturing sector, StarlinePS Enterprises Ltd. has announced a strategic investment of 160 Crore in Celloraa Energy Pvt. Ltd. to establish a state-of-the-art 1.2 GW State-of-the-Art, Domestic Content Requirement (DCR) compliant solar cell manufacturing facility in Surat, Gujarat. "Shwet Koradiya, StarlinePS Eneterprise Ltd. Director: Our investment in Celloraa Energy reflects our strong confidence in India's rapidly growing renewable energy manufacturing sector and Celloraa's long-term vision. This partnership represents our commitment to fostering technological innovation, domestic manufacturing excellence, and contributing meaningfully to India's clean energy transition." The strategic investment marks a major milestone in India's journey to strengthen domestic renewable energy manufacturing and support the nation's vision of achieving energy self-reliance through indigenous clean energy technologies. The investment will support Celloraa Energy's mission to develop world-class solar cell manufacturing infrastructure and contribute to India's rapidly growing renewable energy ecosystem. "Brijesh Gondaliya, Celloraa Energy Pvt Ltd Director: Our partnership with StarlinePS Enterprises Ltd. marks a significant milestone in Celloraa's vision of building world-class solar manufacturing capabilities in India. Together, we are committed to accelerating the nation's journey towards energy independence and sustainable growth." As India continues its transition toward becoming a global renewable energy leader, domestic solar manufacturing has emerged as a strategic priority. Government initiatives promoting domestic manufacturing, including the Domestic Content Requirement (DCR) policies and the broader vision of Atmanirbhar Bharat, have accelerated demand for domestically manufactured solar components and strengthened the need for robust manufacturing capabilities within the country. While the country has significantly expanded its solar module manufacturing capacity, domestic solar cell manufacturing remains a critical area of focus for achieving supply chain independence and strengthening energy security. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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