Sigenergy is planning to invest up to $200 million (around Rs. 1,660 crore) to establish manufacturing operations in India for energy storage and power electronics solutions.

The investment comes at a time when India is rapidly scaling renewable energy capacity and requires advanced storage technologies to stabilise supply.

By setting up local production, the company aims to reduce costs and improve supply chain efficiency.

The move also aligns with the government’s push for domestic manufacturing under the Make in India initiative.