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KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

RAYZON Solar Limited (Rayzon Solar), a leading Indian solar manufacturer, and Caelux Corporation (Caelux), a global leader in perovskite solar technology, today announced a monumental five-year, 5 GW partnership to integrate Caelux’s energy-producing solar glass with RAYZON Solar’s advanced TOPCon modules. Supporting the country’s “Make in India” vision through local manufacturing, this partnership will enable next-generation perovskite-plus-silicon modules with record-breaking efficiencies of 28%.

From Technology Integration to Commercial Deployment

Caelux’s energy-producing solar glass replaces the conventional top glass in a module with a second power-generating perovskite layer, also known as a Hybrid Tandem module. This creates modules with significantly greater power density than conventional silicon-only modules, accelerating the deployment of more clean energy.

“We are dedicated to fulfilling India’s vision of establishing world-class, high-quality solar manufacturing at scale,” said Chirag Nakrani, Co-Founder & Managing Director, RAYZON Solar Limited. “By partnering with Caelux, we are furthering our technology leadership and strengthening India’s position at the forefront of next-generation solar manufacturing.”

Leveraging its 11.3 GW large-scale bifacial manufacturing platform, RAYZON Solar will overlay Caelux’s energy-producing glass on its TOPCon technology to produce the highest power density modules available. 

” As India is one of the top solar manufacturing countries in the world, it is a strategic destination for us. This partnership is a critical step in Caelux’s growth trajectory as we look to scale our technology globally,” said Scott Graybeal, CEO, Caelux Corporation. “We are honoured to partner with RAYZON Solar, an award-winning and globally-respected solar module manufacturer.”

The companies are currently collaborating on early deployments, and commercial volumes are expected to be available by 2028 and eligible for India’s government-tendered utility market.

Building India’s Domestic Clean Energy Manufacturing Ecosystem

India is experiencing dramatic growth in both solar deployment and manufacturing due to the Production Linked Incentives Schemes from India’s Ministry of New and Renewable Energy (MNRE) combined with the Approved List of Models and Manufacturers (ALMM) listing requirements.

“This partnership accelerates our capability to domestically manufacture at the efficiency frontier and at the scale India needs to meet its ambitious clean energy goals of 500 GW by 2030,” said Amit Barve, CEO, Rayzon Solar Limited.

With facilities in Kim and Kosamba, Surat, Rayzon Solar’s ALMM-listed manufacturing platform provides the scale needed to commercialize the next-generation modules.  

“Having spent my career supporting both downstream project development and solar manufacturing, I am excited about the massive impact that this partnership will have for the Indian solar market,” said Vish Iyer, Managing Director, India & West Asia, Caelux Corporation.