Massachusetts, United States [RenewableEnergyWorld.com] Spire Corporation has finalized a strategic agreement with Hind High Vacuum Company Private Limited (HHV) located in Bangalore, India. Spire and HHV said that they plan to cooperate on offering the Indian PV industry a more complete and competitive portfolio of solar manufacturing equipment and service capabilities.
“We are delighted to finalize a cooperative relationship with HHV that will allow both companies to offer a stronger portfolio of solar manufacturing equipment and services to the local market and beyond,” said Roger Little, Spire’s chairman and CEO. “While this cooperation will initially focus on module manufacturing equipment, both companies are keen to explore additional areas and ways that can offer our clients better and more competitive equipment and services.”
India is one of the world’s largest solar power markets and is among the fastest growing for manufacturers of both solar cells and modules. In addition to the large export market, PV demand in India is expected to grow exponentially in the near future.
“Both companies are leveraging their inherent strengths. This is to ensure our customers get the most cost effective products with the highest quality, a key in establishing a competitive advantage. Both Spire and HHV have built their capabilities and reputation in the past by providing the highest quality goods and services. Our relationship is being built-up in stages and will endure the test of time,” said Prasanth Sakhamuri, managing director of HHV.