Ratlam, a city in Madhya Pradesh, is on the cusp of a significant industrial transformation with a proposed investment of Rs 1,700 crore in solar manufacturing. This development has the potential to transform Malwa into the country’s new green energy manufacturing hub. A large-scale solar equipment manufacturing unit will be established in the Ratlam Investment Zone, which spans approximately 1,800 hectares and is strategically located near the Delhi-Mumbai eight-lane expressway.
Hexatron Industries Limited, a leading solar energy company from Gujarat, has been allotted 61 acres of land in the Ratlam Investment Zone. The company plans to invest Rs 1,700 crore to set up a manufacturing facility for solar PV modules, inverters, battery storage systems, and related equipment. The unit is expected to have a production capacity of over 200 megawatts and will be compliant with the central government’s Approved List of Models and Manufacturers (ALMM). This will enable the company to supply equipment for government-backed solar projects.
Production is expected to begin during 2026-27, and the project aligns with the state’s ambitious goal of achieving 35 gigawatts of solar energy capacity by 2030. The project is also expected to strengthen domestic manufacturing and reduce dependence on imports. In terms of employment opportunities, the project is expected to create around 3,000 direct jobs and between 5,000 and 10,000 indirect employment opportunities. Skill development programs will be integrated locally to prepare a qualified workforce, with priority given to local youth.
The investment is a significant milestone for the Ratlam Investment Region, where total proposed investments have already crossed Rs 12,000 crore, benefiting the Malwa region. The project is expected to have a positive impact on the local economy and contribute to the growth of the region. With the establishment of this solar manufacturing unit, Ratlam is poised to become a major player in the country’s green energy sector, and the project is expected to pave the way for further investments in the region. Overall, the project has the potential to transform the economic landscape of Ratlam and contribute to the country’s transition to a more sustainable and renewable energy-based economy.