Moser Baer to set up photovoltaic unit

Chennai: Moser Baer India Ltd plans to set up a Rs 2,000-crore manufacturing facility near Chennai to make photovoltaic products, according to an official press release.

Moser Baer has signed an agreement with the Tamil Nadu Government to set up the facility at the Sipcot Industrial estate at Oragadam near Chennai. It will manufacture a range of products including silicon-based photovoltaic products, nanotechnology related products and electronic storage media.

Moser Baer is one of the largest manufacturers of optical storage media such as CDs, DVDs, and has diversified into solar energy, home entertainment and IT peripherals and consumer electronics. The press release said that the project would generate over 3,000 jobs.