Asahi India Glass (AIS) and Vishakha Group have announced joint venture (JV) into solar glass with an in-principle agreement for setting up of India’s largest and state-of-the-art greenfield solar glass plant at Mundra, Gujarat.
The project will see Phase-1 glass manufacturing capacity of up to three GW of the installable capacity of solar power plants.
The plant is expected to be commissioned within 18-24 months. AIS will take a minority stake in the solar glass business.
Vishakha Group is a manufacturer of flexible polymer packaging. It also has manufacturing facilities for other key components in the entire solar panel value chain viz, solar backsheets, EVA encapsulant sheets and solar module aluminum frames.