Velankani Group to Build $3.2 Billion Silicon Manufacturing Complex in India

Aerial view of Visakhapatnam, Andhra Pradesh, site of Velankani Renewable Group’s new manufacturing complex. Photo via Wikipedia.

A well-timed announcement can be a thing of beauty. Just days after Indian prime minister Manmohan Singh said that solar energy would be a key point in his new climate plan, Bangalore-based Velankani Group announces that it will be constructing a new manufacturing complex for silicon compounds and solar cells.

Plant to be Built in Visakhapatnam, An...