Zetwerk to Invest ₹5,000 Crore in Solar Cell Manufacturing Plant in Tamil Nadu

Bengaluru-based Zetwerk Manufacturing Businesses Private Limited is set to make a significant investment of ₹5,000 crore to establish a state-of-the-art solar cell manufacturing facility in Tamil Nadu. The move aligns with the Tamil Nadu government’s ambitious strategy to transform the state into a major hub for green exports and renewable energy technologies.

According to reports, the upcoming facility is expected to generate employment for approximately 3,000 people. In addition to producing solar cells, the project will bolster India’s broader solar manufacturing ecosystem, contributing to sectors such as glass production, backsheet manufacturing, EVA (ethylene-vinyl acetate), silver paste, and specialized machinery, all critical components of the solar value chain.

This proposed investment is part of a broader wave of industrial commitments announced during the first-ever TN Rising Investment Conclave, held recently in Hosur. The event saw the Tamil Nadu government signing over 90 Memorandums of Understanding (MoUs) with various companies. Collectively, these agreements represent a potential investment inflow of nearly ₹24,000 crore, with an estimated 49,000 new jobs expected to be created across high-growth sectors such as electronics, electric vehicles (EVs), and solar energy.

Zetwerk’s planned solar cell plant stands out as one of the flagship projects among these commitments and underscores the company’s growing role in India’s clean energy transition.