EU Carbon €67.42 +2.1%
US REC (National) $3.85 -0.8%
UK Baseload £48.20/MWh +5.3%
DE Grid Load 58.2 GW -1.2%
US Solar Cap 192.4 GW +0.4%
EU Wind Output 142.8 TWh +3.7%
EU Carbon €67.42 +2.1%
US REC (National) $3.85 -0.8%
UK Baseload £48.20/MWh +5.3%
DE Grid Load 58.2 GW -1.2%
US Solar Cap 192.4 GW +0.4%
EU Wind Output 142.8 TWh +3.7%
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Grid & Utilities

AG&P Industrial and Pragati Infra Solutions Announce Joint Venture for India’s First Advanced Modular EPC and Fabrication Manufacturing Facility; Sign MoU

AG&P Industrial, in collaboration with Pragati Infra Solutions, has embarked on a pioneering venture to establish India’s first advanced modular engineering, procurement, and construction (EPC) and fabrication manufacturing facility in Andhra Pradesh, with a proposed investment of USD 100 million. This development comes at a crucial time as India’s energy sector seeks innovative solutions to meet growing industrial and infrastructural demands. The facility aims to enhance the country’s modular construction capabilities, which are critical in facilitating accelerated project delivery and superior quality standards.

The choice of Andhra Pradesh as the location for this state-of-the-art facility is strategic, given the region’s emphasis on industrial growth and infrastructure development. With its favorable industrial policies and supportive government initiatives, Andhra Pradesh is positioning itself as a hub for advanced manufacturing in India. Moreover, the investment aligns with the Indian government’s broader goal of enhancing the country’s manufacturing capabilities under the “Make in India” initiative, fostering local production and creating job opportunities.

Modular construction is gaining traction globally for its ability to reduce project timelines and costs while ensuring high efficiency and standardization. This collaborative effort between AG&P and Pragati Infra Solutions is set to leverage modular technologies to deliver innovative energy solutions rapidly, thus addressing the increasing demand for energy infrastructure in India. By enhancing the country’s capability to produce modular solutions internally, this project also minimizes dependency on imports, thus strengthening India’s energy security.

Furthermore, the establishment of this facility is expected to drive the adoption of advanced manufacturing practices in the EPC sector, fostering a culture of innovation and sustainable practices. The advanced manufacturing processes that will be implemented aim to reduce waste and improve the overall sustainability of construction operations, aligning with global trends towards greener and more sustainable industry practices.

In conclusion, this joint venture between AG&P Industrial and Pragati Infra Solutions represents a significant milestone in India’s journey towards modernizing its industrial framework, particularly in the energy sector. By establishing the country’s first advanced modular EPC and fabrication facility, this initiative not only represents a substantial capital investment but also signals a commitment to innovation, sustainability, and economic growth in India’s burgeoning energy landscape. The impacts of this project will likely resonate well beyond local boundaries, positioning India as a competitive player in the global energy infrastructure market.

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