Exclusive: Group backed by India's Vikram Solar to invest $1.5 billion in new US factories

Date Published06/23/2023
Author NameNichola Groom

Additional Reshoring Information:

Company/Division name VSK Energy LLC
Parent companyVikram Solar Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):1250
Country(ies) from which reshored:India
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar cells
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, IRA
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