Recently, two key investments have been made in India's solar manufacturing sector, with private equity firm Parishi Capital and emerging enterprise True Power each stepping up capacity expansion efforts, injecting momentum into India's goal of achieving 500GW of renewable energy. Parishi invests in Navitas: Plans for a 2.5GW module factory and a 3GW battery factory take shape. Surat-based Parishi Capital has invested $4.7 million (approximately 404.8 million Indian rupees) in Navitas Solar, expanding the capacity of its solar module factory in Ahmedabad, Gujarat, from 1.7GW to 2.5GW.
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