Solar Shift: Swelect Bets on Partnership Over Production

Dr. Arul Shanmugasundaram, the newly appointed CEO of Swelect Energy Systems Ltd, has announced a revised strategic direction for the company, which includes dropping its earlier plan to establish a solar cell manufacturing facility. Instead, Swelect will pursue a long-term supply agreement with a domestic solar cell manufacturer to meet its production needs.

The agreement is expected to be finalised in the coming months. While Dr. Shanmugasundaram did not disclose the partner’s name due to a non-disclosure agreement (NDA), he confirmed that the India-made solar cells will comply with the local content requirements outlined under government policies.

He further highlighted that solar cell manufacturing in India continues to face key challenges — particularly a shortage of skilled manpower and uncertainty in wafer supply, given that China remains the dominant global supplier. The company’s revised approach aims to ensure operational efficiency and supply stability while aligning with India’s renewable energy goals.

News by Rahul Yelligetti.