• Grew to Establish 3.2 GW Solar Module Plant in Bagthali industrial zone
• Aims for 6 GW manufacturing capacity by 2025
• 14 Companies provided land in Bagthali industrial zone so far: Dir I&C Jammu
• Bagthali industrial zone to create 18000 jobs
Srinagar, May 11: With the Grew Energy Private Limited all set to invest Rs 4500 crore in J&K, the total investment has soared up to 13500 crore in Bagthali industrial zone of Kathua district.
The Grew Energy Company will establish a three-stage fully backward integrated manufacturing unit in the Bagthali industrial zone
The state-of-the-art facility, sprawling over 80 acres, is set to produce high-efficiency solar modules and components.
Director Industries and Commerce Jammu, Arun Kumar Manhas talking exclusively to Rising Kashmir said that the Bagthali industrial zone is specifically designated for entities requiring more than 200 kanals of land. To date, 14 companies have been allocated land, with six currently under review by the Apex Committee. These companies are expected to receive clearance once the MCC concludes, he said.
Manhas said that with the establishment of six more companies, the total investment in the Bagthali industrial area will amount to 13500 crores, which is expected to generate employment opportunities for 18000 persons.
On Grew Energy’s investment, he said that it is Bagthali industrial area of Kuthua where the Grew Energy have been provided around 700 Kanals of land to establish two units for manufacturing of ingots, wafers and cells.
The investment by Grew Energy in Jammu & Kashmir is a part of the central government’s comprehensive plan to transform the UT into a hub of infrastructure and development. The initiative is in line with the ambitious vision of the central Government to promote sustainable growth and modernization across the Union Territory, he said.
Speaking at the groundbreaking ceremony in Kathua yesterday, which was also attended by Vikramjit Singh, J&K’s Administrative Secretary of Industries and Commerce, Vinay Thadani, CEO of Grew Energy, said that this project is not only a step towards expanding the company’s production capacity but also a significant initiative to generate employment opportunities for youth within the Union Territory.
With the completion of this facility, along with an existing plant in Jaipur, Grew Energy aims to reach a total manufacturing capacity of 6 GW for modules and 2.8 GW for solar components by the financial year 2025, he said.
The establishment of this facility is a significant milestone which marks Grew Energy as the first renewable energy company to establish a manufacturing unit in Jammu and Kashmir, he said adding that the plant is meticulously engineered to comply with international standards, equipped with automated machinery that positions Grew as a trailblazer in solar technology within India.
While talking to reporters on sidelines of the function, the CEO said that the initiative by Grew Energy is expected to drive positive change, empower communities, boost employment, and upskill the youth of Jammu & Kashmir and is a step forward in making India a renewable superpower and achieving the nation’s net-zero targets.
Notably, the central government’s investment in Jammu and Kashmir’s infrastructure and development has been unprecedented. With the completion of projects worth Rs 32000 crore, the UT is witnessing a new era of progress and prosperity. The Grew Energy project aligns perfectly with this broader strategy, contributing to the nation’s energy independence goals and supporting the global shift towards renewable resources.
The government’s focus on creating a conducive environment for industrial development has resulted in the allocation of land to several companies in the Bagthali industrial area, further solidifying Jammu & Kashmir’s position as a burgeoning industrial zone.
