“The PLI scheme has provided benefits like low manufacturing costs.”

  • Interviews
  • Sep 25,24
Our engagement with the solar industry is reflected in active participation in industry associations, shaping policy, and best practices, while fostering knowledge sharing with academia and industry peers. We are equally committed to training and education, offering vocational training programs to develop a skilled workforce and educating customers about the benefits of solar energy.
“The PLI scheme has provided benefits like low manufacturing costs.”

In India, the rising demand for renewable energy is driven by government initiatives and declining solar tariffs, while the focus on domestic manufacturing has increased due to policy support and incentives. Consumers are placing greater emphasis on high-efficiency modules, and solar energy is playing a critical role in expanding rural electrification, addressing energy access gaps, says Tanmoy Duari, CEO, Axitec Energy India Pvt. Ltd.

How are you supporting the growth of the solar energy sector?
At Axitec, we are committed to driving the growth of the solar energy sector through a comprehensive approach. Our state-of-the-art manufacturing facilities leverage technology to produce high-quality solar modules, while strategic investments in capacity expansion meet the increasing demand. Innovation is at the core of our operations, with on-going research focused on improving the efficiency of cells and modules, as well as developing bifacial and smart modules to enhance energy yield and monitoring capabilities. We also prioritise supply chain development by encouraging domestic sourcing to reduce import dependence and forming strategic partnerships with international suppliers to ensure stable, high-quality inputs. 

Our engagement with the solar industry is reflected in active participation in industry associations, shaping policy, and best practices, while fostering knowledge sharing with academia and industry peers. We are equally committed to training and education, offering vocational training programs to develop a skilled workforce and educating customers about the benefits of solar energy. In policy advocacy, we work closely with the government to promote favourable solar policies and advocate for regulatory support in areas such as permitting, net metering, and grid connectivity. 

Even our sustainability initiatives emphasise environmental responsibility through eco-friendly manufacturing practices and social responsibility by supporting local communities with solar-powered infrastructure. Through these integrated strategies, we are empowering a cleaner, more sustainable future for the solar energy sector.

What trends are you seeing across Indian and global markets? How are you adapting to them in terms of innovation?
As a leading solar module manufacturer, we are witnessing transformative trends in both the Indian and global markets. In India, the rising demand for renewable energy is driven by government initiatives and declining solar tariffs, while the focus on domestic manufacturing has increased due to policy support and incentives. Consumers are placing greater emphasis on high-efficiency modules, and solar energy is playing a critical role in expanding rural electrification, addressing energy access gaps. 

Globally, advancements in bifacial and multi-busbar technologies are enhancing energy yield, and the integration of solar-plus-storage solutions is improving efficiency. Innovative applications like floating solar and agro-photovoltaics are also expanding solar are reach, while digitalisation and advanced monitoring systems optimise performance.

To stay ahead of these trends, we are heavily investing in research and development. Our focus includes developing high-efficiency modules using advanced cell technologies, designing bifacial and smart modules to optimise energy yield, and creating customised solutions for floating solar applications. We are also working on integrating energy storage into solar systems and building digital platforms for real-time performance tracking, all while maintaining sustainable manufacturing practices to reduce our environmental footprint.

Looking ahead, our innovation roadmap is centered on advanced cell technologies, with plans for over 600 MW of high-efficiency cell production. We are also expanding our smart module development to integrate monitoring and optimisation, enhancing our solar-plus-storage offerings, and supporting India's electric vehicle vision by developing EV charging infrastructure.

How will the implementation of rooftop solar panels lead to greater demand?
 The implementation of rooftop solar panels is driving demand as consumers seek energy independence and cost savings. As awareness grows about their environmental benefits, more residential and commercial properties are adopting this technology.

What are some of the challenges you face?
 Key challenges include regulatory hurdles, competition from cheaper imports, and the need for public awareness about solar technology. We are actively engaging with policymakers and conducting awareness campaigns to address these issues.

How has the PLI scheme affected/benefited you?
  The Production-Linked Incentive (PLI) scheme has provided substantial benefits to our operations by lowering manufacturing costs and improving quality control measures. Additionally, it has promoted local production, which has helped us strengthen our supply chain and enhance our overall competitiveness in the market.

What are your long-term plans?
 We are currently focused on optimising operations at our newly launched manufacturing plant. Our next strategic move will be to expand its production capacity from 300 MW to 600 MW, utilising more advanced and efficient machinery. This expansion will enable us to contribute more significantly to India’s sustainability targets for 2030, supporting the nation’s transition towards cleaner energy solutions.

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