TaiyangNews Leadership Talks: Avaada Group At REI 2025

Avaada Group Chairman Vineet Mittal details the company’s vertical integration strategy, as it expands manufacturing and secures supply chains to meet India’s growing renewable energy demand.
Avaada REI 2025
TaiyangNews Managing Director Michael Schmela (left) in conversation with Avaada Group Chairman Vineet Mittal at REI 2025. (Photo Credit: TaiyangNews)
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India’s Avaada Group is expanding its solar manufacturing footprint as it pushes toward full vertical integration across the PV value chain. Chairman Vineet Mittal outlined the company’s strategy in an exclusive interview with Taiyang News Managing Director Michael Schmela at REI 2025, stressing that self-reliance in key materials is central to India’s long-term energy security. 

Mittal said Avaada is accelerating work at its manufacturing hub in Nagpur, where it is bringing an integrated factory for ingot-wafer-cell-module production online. The company has also begun developing a 1,200-ton-per-day (TPD) solar glass facility, which he described as a step toward building an integrated city where the company will produce all that it requires to consume, at a cost advantage. 

He noted that India currently lacks a dense ecosystem of nearby suppliers, making in-house production essential to meet the group’s own high material demand.  Vertical integration, he said, has become a strategic necessity. India’s solar sector has faced supply chain disruptions in the past, including stalled overseas deliveries in 2021, prompting Avaada to build a model where it can predict costs more reliably and support its 30 GW growth ambitions. 

Mittal said the supply side is expanding even faster, creating a mix of strong and weak players. He argued that only companies with advanced technology, scale, and integration will remain competitive. 

Mittal shared that some manufacturers are still marketing legacy technologies such as multicrystalline products, which he considers obsolete. He expects the market to shift toward TOPCon and eventually perovskite-tandem technologies in the medium to long term. 

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