{"id":86887,"date":"2025-12-17T00:00:00","date_gmt":"2025-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=86887"},"modified":"2026-01-23T10:56:37","modified_gmt":"2026-01-23T10:56:37","slug":"sumitomo-to-invest-usd-1-3-bn-in-india-renewables","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/17\/sumitomo-to-invest-usd-1-3-bn-in-india-renewables\/","title":{"rendered":"Sumitomo to invest USD 1.3 bn in India renewables"},"content":{"rendered":"

Sumitomo pledges USD 1.3 bn in India- <\/p>\n

Japan\u2019s<\/strong> Sumitomo Corp.<\/strong> will invest USD 1.3 bn into India\u2019s renewable-energy buildout <\/strong>via its JV with New Delhi-based Amp Energy, targeting 2 GW of capacity by FY 2028, Nikkei Asia<\/a><\/a> reports. <\/p>\n

The investment, among Sumitomo\u2019s largest in India\u2019s green sector<\/strong>, positions the Japanese trading house to capture soaring demand from industrial and commercial consumers, a segment it expects to expand from 12 GW in 2023 to 100 GW by 2030. <\/p>\n

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Tata Power to invest USD 780 mn in solar manufacturing-<\/p>\n

Mumbai<\/strong>-based power producer <\/strong>Tata Power<\/a><\/strong> plans to finalize a 10-GW<\/strong> solar wafer and ingot manufacturing project by January next year<\/strong>, involving an investment of about INR 65 bn (USD 780 mn), Economic Times<\/a> reports, citing CEO and Managing Director Praveer Sinha. <\/p>\n

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Scheme to boost domestic manufacturing of rare earth magnets-<\/p>\n

The<\/strong> Indian government has approved a scheme<\/strong> to <\/strong>promote domestic manufacturing<\/a><\/strong> of sintered rare earth magnets with an outlay of USD 810 mn (INR 72.8 bn)<\/strong>, aiming to address India\u2019s near-total dependence on China for the critical components used in EVs, aerospace, and clean energy, as per a press release<\/a>. <\/p>\n