Mumbai, Feb. 26 -- Micromax Informatics is entering the solar panel manufacturing sector with the launch of Startup Energy, a new venture in partnership with Chinese solar equipment maker Jinchen, media reports said.

The initiative aims to produce affordable solar panels for residential, commercial, and industrial applications.

As part of this expansion, Micromax has signed a strategic contract with Jinchen to establish a 5GW advanced solar module manufacturing line, reported Moneycontrol.

Additionally, the company plans to explore strategic R&D partnerships to develop next-generation solar technologies, focusing on energy efficiency and sustainability.

Micromax's foray into solar energy aligns with India's self-reliance goals and the...