Solar energy solutions provider Vikram Solar said today it will expand its manufacturing capacity to 2GW by 2020. “In our endeavour to contribute to our Make in India commitment, we aspire to expand our capacity to 2GW by FY2020,” Vikram Solar MD & CEO Gyanesh Chaudhary said in a statement. With 1GW of manufacturing capacity, the company has firmed its position as a forerunner in India, which is emerging to be the largest PV market in the world, the statement said.
“Today we pride ourselves in being an Indian company to have fortified manufacturing capacity to 1GW. India has today come into its own as one of the largest emerging PV markets in the world and we are geared up to do our bit in the ‘Make in India’ initiative as well,” Chaudhary added. The company reported close to Rs 1,700 crore revenue in 2016-17 against that of Rs 900 crore in 2015-16.