9 months ago
Solex Energy and TT Vision Partner for Solar Automation in India
Two companies, Solex Energy from India and TT Vision from Malaysia, have agreed to work together to make solar panel production better and faster.
TT Vision will teach Solex's engineers about new technologies and how to use them.
Solex will help TT Vision set up their business in India.
This partnership will last for three years.
The goal is to make India a leading place for making solar panels.
The news about this partnership came out on December 15, and after that, Solex's stock price went down a little.
Solex Energy Ltd and TT Vision Holdings Berhad signed a non-binding MoU to collaborate on solar manufacturing automation and talent development in India.
TT Vision will provide specialized technical training to Solex engineers in Malaysia and India, focusing on automation and solar inspection systems.
Solex will gain preferential access to TT Vision’s automation technologies for research and development and new product introduction.
The partnership includes consulting in Good Manufacturing Practices (GMP), Lean, Six Sigma, and structured problem-solving to aid operational excellence.
Solex will assist TT Vision’s entry into the Indian market by providing guidance on manufacturing setup, supply chain alignment, and government engagement.
- Who
- Solex Energy Ltd and TT Vision Holdings Berhad
- What
- Signed a non-binding MoU to collaborate on solar manufacturing automation, engineering capabilities, and talent development in India
- Where
- India and Penang, Malaysia
- When
- December 15
- Why
- To advance solar manufacturing automation, engineering capabilities, and talent development in India
Key facts
- Companies Involved
- Solex Energy Ltd and TT Vision Holdings Berhad
- Agreement Type
- Non-binding Memorandum of Understanding (MoU)
- Duration
- 36 months
- Training Focus
- Automation, solar inspection systems, process equipment, global manufacturing best practices
- Locations
- Penang, Malaysia and India
- Stock Performance
- Solex Energy Ltd shares ended 1.66% lower at ₹1,485.00 on NSE
Quotes
Dr. Chetan Shah
Chairman and Managing Director of Solex Energy
“The partnership would support the company’s next phase of growth through automation and innovation.”
CNBC TV 18
Goon Koon Yin
CEO of TT Vision Holdings Berhad
“Our collaboration with Solex comes at a pivotal time as India emerges as a global solar manufacturing hub.”
CNBC TV 18
Sources
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