RJ Corp’s Voltsun to Invest ₹1,743 Crore in AP’s Clean-Tech Sunrise Corridor

Continuing the euphoria over successful response from the investors in inking deals at the just-concluded CII Partnership Summit in Visakhapatnam, Andhra Pradesh Government on Monday announced that Voltsun Labs Private Limited, part of the Ravi Jaipuria–led RJ Corp, will establish a ₹1,743-crore greenfield solar cell and module manufacturing facility in Naidupeta Multi-Product Special Economic Zone (MPSEZ) in Tirupati district.

As approved in GO Ms. No. 222 dated November 15,2025 , the State is allotting 37 acres of land at concessional rates to enable rapid project commencement, reflecting Andhra Pradesh’s commitment to becoming India’s most preferred destination for high-value, next-generation manufacturing.

RJ Corp-one of India’s most valuable and diversified business groups with an estimated group valuation of over ₹90,000 crore is globally renowned for its extraordinary portfolio. The conglomerate is the world’s largest PepsiCo bottling partner, operates leading QSR brands such as KFC, Pizza Hut, and Costa Coffee through its franchise network, owns major dairy operations under the Jersey brand, and has a formidable presence across food processing, education, healthcare, hospitality, and real estate. The Group’s decision to enter advanced solar manufacturing in Andhra Pradesh reflects not only confidence in India’s renewable energy future but also trust in the State’s governance, policies, and “Speed of Doing Business.”

The Voltsun project will create an integrated 2 GW solar manufacturing ecosystem, developed in two phases—each comprising 1 GW of solar cell capacity and 1 GW of module capacity using cutting-edge TOPCon monocrystalline and bifacial technologies. The investment will generate 415 direct jobs, and the State Government will facilitate external infrastructure, including a 40 MW power load, 3 MLD water supply, and support for a captive solar plant. Tailor-made incentives under the AP Industrial Development Policy 2024–29 have been approved by the State Investment Promotion Board (SIPB) to ensure seamless project execution.

The entry of a global-scale conglomerate like RJ Corp into the solar manufacturing space marks a significant step in Andhra Pradesh’s rise as India’s renewable energy powerhouse. With this investment, the State strengthens its fast-growing clean-tech cluster that already includes solar module manufacturers, pumped-storage developers, and green hydrogen ecosystem players. The Government has directed APIIC, the Industries Department, and all line departments to fast-track approvals and ensure timely grounding through the Single Desk Portal 2.0, reinforcing the State’s reputation as the country’s most investor-friendly destination.