RIICO Facilitates Sunkind Energy to Establish 1.5 GW Solar Module Manufacturing Plant
Rajasthan State Industrial Development and Investment Corporation (RIICO) has proactively facilitated Sunkind Energy to establish a state-of-the-art solar module manufacturing plant, a significant stride towards making India Aatmanirbhar in green energy production.
September 06, 2024. By News Bureau
The first meeting between RIICO and Sunkind was held on May 21, 2024, followed by land possession on August 29, 2024, after completing the bidding process and e-auction. The entire government proceeding for allocation, documentation work, and other official paraphernalia for the hassle-free handover of the land spanned a mere three months, underscoring the profound commitment of RIICO to sustainability and the country's ambitious target of solar power generation.
In response to RIICO's promptness and punctuality, Sunkind Energy quickly performed a Bhoomi Pujan ritual to commence work on setting up the solar module manufacturing plant at Matasula village in Jaipur (Rural). Within the next six months, Sunkind will complete all infrastructure-related work. The company has earmarked over INR 100 crore for its new solar module manufacturing project, which will begin operations in April 2025.
The collaboration between RIICO and Sunkind, along with their extraordinary promptitude, is geared up to add momentum to the Rising Rajasthan Summit 2024 initiative, contributing to the goal of 'Viksit Rajasthan' and achieving a 'Viksit Bharat' by 2047.
In its value chain of solar energy production and focus on achieving 'Net Zero' emissions, the Sunkind project will leave an indelible imprint on the state's socio-economic landscape by developing local infrastructure and building specialized skill sets. The project will directly or indirectly open up job opportunities by generating employment for over 500 people. The social implications of this project will have a significant impact on the vision of 'Rising Rajasthan.'
Hanish Gupta, Founder & CEO of Sunkind Energy said “We are glad that Sunkind Energy is slated to produce 1.5 GW of solar energy starting in April 2025, a significant stride towards making the country self-reliant in the green energy sector. We extend our sincere gratitude to RIICO Managing
Director Shivprasad Nakate, GM (Business Promotion) Kulveer Singh, and their team for their promptness in facilitating Sunkind Energy in setting up this solar manufacturing plant. We feel indebted to them for their unwavering support, without which the project would not have seen the light of day. Our project has significant social implications, including the development of local infrastructure and the generation of employment.”
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