Servotech Renewable Power System Ltd, a manufacturer of solar and renewable energy solutions in India, has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Department of Industries & Commerce, Government of Haryana, to expand its manufacturing and warehousing operations in the state with a proposed investment of approximately Rs 4 billion. The investment is expected to generate around 500 direct and indirect employment opportunities.

The MoU was signed in the presence of Nayab Singh Saini, Hon’ble Chief Minister of Haryana, at the official launch of the ‘Make in Haryana’ Industrial Policy 2026, held in Gurugram. The event also unveiled a compendium of nine sectoral policies aimed at positioning Haryana as a preferred destination for industrial and clean-energy investments.

Under the agreement, Servotech Renewable and HEPC will establish a framework for collaboration and cooperation to facilitate the company’s proposed expansion plans in Haryana. The project is expected to attract an investment of approximately Rs 4 billion and generate around 500 employment opportunities, contributing to the state’s industrial and economic growth.

The proposed investment will be deployed in a phased manner over the next 24 to 36 months. It will support the expansion of Servotech’s manufacturing capacity across EV chargers, solar products, battery packs, BESS and power electronics, sectors identified as thrust areas under the Make in Haryana Industrial Policy 2026.

The expansion is intended to scale production capacity, improve operational efficiencies, deepen import substitution and strengthen the company’s ability to serve growing domestic and export demand. Specific site selection within Haryana is currently under evaluation.

As part of the MoU, the Haryana Government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance for the successful implementation of the proposed investment. The collaboration reflects the shared objective of accelerating industrial development, promoting clean-energy manufacturing and strengthening Haryana’s position as a hub for sustainable growth and innovation.

Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd, said, “We are delighted to partner with the Government of Haryana. Haryana has emerged as one of India’s most progressive investment destinations, and the launch of the Make in Haryana Industrial Policy 2026 reinforces the state’s commitment to industrial growth, clean-energy manufacturing and innovation. Our proposed Rs 4 billion investment aligns with Servotech’s long-term vision of scaling renewable energy manufacturing capabilities and is a meaningful step towards our stated ambition of reaching Rs 15 billion in revenue by FY 2027. We believe this collaboration will strengthen our operational footprint and contribute to Haryana’s clean-energy ambitions and broader economic development.”