Jakson Group Expands Energy Solutions Portfolio After Crossing ₹90 Billion Revenue

Jakson Group Expands Energy Solutions Portfolio After Crossing INR 90 Billion Revenue, Enters EV Segment

Jakson Group, a leading diesel genset manufacturer, has announced an expansion of…

Tsuyo Selected for CII CIES Startup Delegation to Japan 2026 in Deeptech Category

Tsuyo to Represent India’s EV Innovation at Japan 2026 Startup Delegation

Tsuyo, a leading EV powertrain manufacturer, is all set to exchange insights…

MNRE Notifies ALMM Fee Structure for Wind Turbines and Components in India

MNRE Introduces Fee Framework for ALMM Wind and Component Listings

The Ministry of New and Renewable Energy (MNRE) has notified a fee…

Energy Vault Enters Japan Market with 850 MW BESS Project Pipeline Acquisition

Energy Vault Enters Japan Market with 850 MW BESS Project Pipeline Acquisition

Energy Vault Holdings has announced its formal entry into the Japanese market…

MaxVolt Energy to Launch Advanced L3 LFP Battery for Electric Mobility

MaxVolt Energy to Launch Advanced L3 LFP Battery for Electric Mobility

MaxVolt Energy Industries has announced the upcoming launch of its advanced L3…

Jupiter International & AMPIN Inaugurate ‘AMPIN Solar One’ Manufacturing Facility in Odisha

Jupiter International & AMPIN Inaugurate ‘AMPIN Solar One’ Manufacturing Facility in Odisha

Jupiter International and AMPIN Energy Transition inaugurated their joint venture manufacturing platform,…

Envision Energy Secures $500 Million Financing Deal with BBVA for Global Expansion

Envision Energy Secures USD 500 Mn Financing Program with BBVA to Accelerate Global Renewable Deployment

Envision Energy, a global leader in green technologies, has secured a USD…

Enlight Metals Begins Manufacturing Solar Mounting Structures for Large-Scale Projects

Enlight Metals Commences Manufacturing of Solar Structures; Unveils Initial Product Portfolio

Strengthening its focus on clean energy, Enlight Metals commenced the manufacturing of…

Levanta Renewables — Southeast Asia’s leading renewable energy platform backed by Actis — today announced the award and signing of an Engineering, Procurement and Construction (EPC) contract with China Energy Engineering Group (CEEC) for the Barotac Solar Power and Battery Energy Storage System (BESS) project in the Visayas, Philippines.

Levanta Renewables Awards EPC Contract to CEEC for Solar and BESS Project in Philippines

Levanta Renewables, a renewable energy platform backed by Actis, has announced the…

RWE Installs World’s First Offshore Wind Turbine with CO₂-Reduced Steel and Recyclable Blades

RWE Installs World’s First Offshore Wind Turbine with CO₂-Reduced Steel and Recyclable Blades

RWE has installed the world’s first offshore wind turbine featuring a CO₂…

Mahindra and Mahindra (M&M) has announced that the company will procure solar power from a 30 MW (AC) group captive solar power project in Punjab, being developed by Neon Hybren, a step-down subsidiary of M&M.

Mahindra to Procure Solar Power from 30 MW Group Captive Project in Punjab

Mahindra and Mahindra (M&M) has announced that the company will procure solar…

Vingroup announced the signing of a Memorandum of Understanding (MOU) with the Government of Maharashtra, establishing a collaborative framework to explore strategic investments across key sectors. The agreement marks a further step in Vingroup’s roadmap to expand its integrated multi-sector ecosystem in India, underscoring its long-term investment commitment and consistent development strategy in the country. Under the MOU, Vingroup and the State of Maharashtra, acting through the Mumbai Metropolitan Region Development Authority (MMRDA) and the Department of Industries, Government of Maharashtra (DoI-GoM), will establish a broad collaborative framework to explore investments across multiple sectors in the Mumbai Metropolitan Region (MMR) and broader Maharashtra, amounting to approximately USD 6.5 billion, including integrated urban townships, electric mobility solutions, renewable energy, and social and public infrastructure. In urban development, Vingroup will explore the development of integrated urban townships spanning approximately 1,000 hectares, comprising residential, commercial, education, healthcare, and integrated amenity components. The total estimated investment is around USD 5 billion, aimed at creating new growth centers in the vicinity of Mumbai, including emerging growth zones such as Mumbai 3.0. In electric mobility, Vingroup, through GSM India, proposes to deploy a large-scale electric taxi fleet and mobility-as-a-service platform, targeting approximately 60,000 electric vehicles to serve Mumbai and broader Maharashtra. With an estimated investment of approximately USD 1.5 billion, the initiative is expected to create tens of thousands of jobs over the next three to five years, while accelerating the transition to greener mobility across the State. In energy, Vingroup, through VinEnergo, will explore opportunities for large-scale renewable energy investments, in alignment with India’s energy transition roadmap and net-zero emissions targets. In parallel, through its member companies such as Vinschool, Vinmec, and Vinpearl, Vingroup will explore the development of social and public infrastructure projects across education, healthcare, public electric bus transportation, and tourism services, contributing to the completion of its integrated ecosystem in the local market. On the government side, the State of Maharashtra and MMRDA will support Vingroup in land identification, project planning, facilitation of statutory approvals, provision of connectivity infrastructure, and consideration of applicable incentives in accordance with prevailing regulations, to enable the exploration and implementation of the proposed investments. The MOU with Maharashtra further strengthens Vingroup’s footprint in India, expanding its network of partnerships across key states and creating additional headroom for implementation in the next phase. The agreement also contributes to enhancing investment connectivity and infrastructure development in one of India’s most dynamic economic centers. Mr. Pham Sanh Chau, CEO of Vingroup Asia, said: “The signing of this MOU with Maharashtra marks another step in the well-defined and long-term strategy of Vingroup in India. Following Telangana and Tamil Nadu, we are progressively expanding our presence in key economic hubs, with the goal of building a fully integrated multi-sector ecosystem spanning urban development, service infrastructure, electric mobility, and green energy. We look forward to partnering with forward-looking localities to deliver meaningful socio-economic value for communities.” Mr. Devendra Fadnavis, Chief Minister of Maharashtra, said: “This MOU marks a landmark moment in Maharashtra’s development journey. The scale and scope of the proposed investments by Vingroup will significantly enhance our urban infrastructure, boost sustainable mobility, and create large-scale employment opportunities. Maharashtra remains committed to fostering a business-friendly ecosystem and welcomes global partners to participate in our growth story.” With a population of over 130 million, Maharashtra is India’s largest state economy, contributing approximately 14% of the national GDP. The Mumbai Metropolitan Region is being developed into a global economic hub, supported by a pipeline of large-scale urban and infrastructure projects. Vingroup is Vietnam’s largest private conglomerate, operating across six core pillars: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture, and Social Enterprises, with the vision “To create a better life for people.” Building on its proven capabilities and scale, the Group is expanding its presence across international markets, with India as a top strategic priority. In India, Vingroup has established cooperation agreements with the States of Telangana and Tamil Nadu to facilitate the exploration of multi-sector investment opportunities. In parallel, VinFast, the Group’s global electric vehicle brand, is expanding its footprint through the development of a comprehensive EV ecosystem. This series of initiatives and partnerships reflects Vingroup’s structured, consistent, and long-term investment strategy, while also strengthening economic connectivity between Vietnam and India and laying the groundwork for large-scale collaborations in the future.

Vingroup Signs MoU with Maharashtra to Explore Strategic Investments in India

Vingroup announced the signing of a Memorandum of Understanding (MOU) with the…