Bangalore: After collaborating with Moser Baer Photo Voltaic Ltd to set up India’s largest thin film solar module manufacturing facility in 2007, Santa Clara-based Applied Materials Inc., is now helping set up another thin film assembly line for solar modules in India.
“Our client will make an announcement in the next few months,” said Madhusudan V. Atre, president, Applied Materials India, who thinks solar cell manufacturing is the easier and economical route for India to get into semiconductor manufacturing. “This could feed into solar farms which could in turn feed into the grid,” he said.
It takes around $3.5 billion (Rs15,155 crore) to set up a semiconductor fabrication facility, or fab, but a solar fab can be set up at an investment of $200-500 million, Atre said.
The company is looking to invest in start-ups through Applied Ventures, which has already made a few investments in India including in Tessolve, a US-Bangalore company.