Vikram Solar Scouts Places in South India to set up 17,000 Cr Solar PV Plant

Worried over the escalating logistics costs involving operations at the Calcutta Port, a Bengal-based company has decided to reassess its Rs 1,700-crore expansion plan in the state.

According to a report in The Telegraph, Kolkata based Vikram Solar, which has a unit at the Falta Special Economic Zone, is looking at alternative locations such as Andhra Pradesh, Karnataka and Maharashtra to manufacture cost-competitive photo-voltaic modules.

It quoted the company’s managing director and CEO Gyanesh Chaudhary as saying that the overall cost had gone up 8-10 per cent largely because of the logistics issue.

“In a competitive market, the company is unable to pass on the high cost to the consumer, eating into our profit. We are internally reconsidering our expansion plan in Bengal. We don’t know when the situation at Calcutta Port will improve. There is significant congestion and delay,” Chaudhary reportedly said.

Vikram Solar, India’s largest PV equipment maker, imports around 4,000 containers of equipment a year from China, assembles them at Falta and sells to different states.

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Research Desk

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