Asahi India Glass (AIS) has entered into joint venture agreement with Vishakha group for setting up of India's largest and state-of-the-art green field solar glass plant at Mundra, Gujarat, with phase-1 glass manufacturing capacity of up to 3GW of the installable capacity of solar power plants. The plant is expected to be commissioned within 18-24 months. The company will take a minority stake in the solar glass business.
Vishakha Group is well-established and one of the largest manufacturers 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. As part of its commitment to the Paris Climate Agreement, India has now embarked on an ambitious target of generating 450 GW of renewable energy by year 2030. This has led to a surge in demand for solar power in India, resulting in a huge demand for solar power equipment / panel and solar glass.
Asahi India Glass (AIS) is India’s leading integrated glass company engaged in production and delivery of next-generation glass products and solutions to retail and institutional customers.
