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Servotech Renewable signs MoU with Haryana Enterprises Promotion Centre
Jun-02-2026

Servotech Renewable Power System has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Department of Industries & Commerce, Government of Haryana, to expand its manufacturing and warehousing operations in the state with a proposed investment of around Rs 400 crore. The investment is expected to generate around 500 direct/Indirect employment opportunities. 

The proposed investment will be deployed in a phased manner over the next 24 to 36 months and will support the expansion of the company’s manufacturing capacity across EV chargers, solar products, Battery Packs, BESS and Power electronics, sectors identified as thrust areas under the Make in Haryana Industrial Policy 2026. The expansion is intended to scale production capacity, improve operational efficiencies, deepen import substitution, and strengthen the company’s ability to serve growing domestic and export demand. Specific site selection within Haryana is under evaluation.

As part of the MoU, the Haryana Government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance for the successful implementation of the proposed investment. The collaboration reflects the shared objective of accelerating industrial development, promoting clean energy manufacturing, and strengthening Haryana’s position as a hub for sustainable growth and innovation.

Servotech Renewable Power System (formerly known as Servotech Power Systems) is engaged in manufacturing and selling inverters, uninterruptible power source products, and servo stabilizers under the SERVOTECH brand name in India, south-east Asia, Africa, Europe, and the Middle East.

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