Solex Energy Limited (NSE: SOLEX), a prominent Indian solar technology manufacturer, has entered into a non-binding Memorandum of Understanding (MoU) with Malaysia-based TT Vision Holdings Berhad (KLSE: TTVHB), a global leader in automation technology. This strategic collaboration aims to enhance automation in solar production, foster engineering excellence, and develop specialized talent within India’s renewable energy sector.
The alliance leverages Solex’s nearly 30 years of expertise in solar manufacturing and TT Vision’s advanced capabilities in automation, inspection systems, and high-tech equipment. By combining their strengths, the two companies plan to strengthen India’s fast-growing solar manufacturing ecosystem.
As part of the MoU, TT Vision will provide targeted technical training for Solex engineers at its Penang, Malaysia facility, as well as at TT Vision’s forthcoming operations in India. The training program will cover automation systems, solar inspection processes, manufacturing equipment, and international best practices. In addition, Solex will receive priority access to TT Vision’s automation solutions, supporting research and development, new product launches, and process optimization initiatives. Solex will also act as a key partner for the deployment of TT Vision’s future automation technologies.
TT Vision will further assist Solex by offering consultancy on Good Manufacturing Practices (GMP), Lean management, Six Sigma, and structured problem-solving techniques, ensuring operational efficiency during production scale-up. Conversely, Solex will help TT Vision navigate the Indian market by advising on manufacturing setup, supply chain management, and regulatory engagement.
The MoU is initially set for 36 months and carries no legal or financial obligations for either party. Each company retains ownership of its intellectual property, with any joint developments subject to future agreements.
Leadership Comments
Dr. Chetan Shah, Chairman and Managing Director of Solex Energy, highlighted the significance of the partnership:
“This collaboration represents a key step forward as Solex prepares for growth driven by automation, innovation, and world-class engineering. TT Vision’s expertise in solar automation and inspection aligns perfectly with our mission to build a globally competitive solar manufacturing ecosystem in India. Together, we aim to advance technology and support the country’s renewable energy goals.”
Echoing this sentiment, Mr. Goon Koon Yin, CEO of TT Vision Holdings Berhad, stated:
“Partnering with Solex comes at a crucial moment as India positions itself as a global solar manufacturing hub. Solex’s industry leadership and commitment to quality make them an ideal collaborator. We look forward to co-developing cutting-edge technologies, promoting skill development, and contributing to India’s renewable energy ambitions.”
About Solex Energy Limited
Founded in 1995 and headquartered in Surat, Solex Energy has been at the forefront of India’s sustainable energy movement. It was the first Indian solar company listed on the NSE and is recognized for producing premium photovoltaic (PV) modules at competitive prices, alongside offering end-to-end EPC services.
Solex operates a global manufacturing facility in Tadkeshwar, Gujarat, with a capacity of 4 GW for PV modules. The company holds key certifications for both domestic and international markets and exports to multiple countries, serving globally recognized brands as a trusted OEM provider.
Built on the principles of consistency, quality, and commitment, Solex has evolved into a reliable partner for PV module and EPC solutions.
About TT Vision Holdings Berhad
TT Vision Holdings Berhad (TTVHB), listed on the Kuala Lumpur Stock Exchange, is a leading Malaysian company specializing in automation and machine vision technologies. The Group develops and manufactures equipment for the inspection of optoelectronics, solar cells, discrete components, and integrated circuits, as well as vision-guided robotic systems.
TTVHB’s operations cover equipment design, software development, manufacturing, assembly, and installation, serving markets across Malaysia, China, South Korea, the Philippines, Germany, the USA, Thailand, Vietnam, Singapore, and Hong Kong.
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