The MoU was signed in the presence of Hon’ble Chief Minister of Haryana Shri Nayab Singh Saini at the official launch of the ‘Make in Haryana’ Industrial Policy 2026, held in Gurugram on 1st June 2026. The launch event also unveiled a compendium of nine sectoral policies aimed at positioning Haryana as a preferred destination for industrial and clean-energy investments.

Under the agreement, Servotech Renewable and HEPC will establish a framework for collaboration and cooperation to facilitate the company’s proposed expansion plans in Haryana. The project is expected to attract an investment of approximately ₹400 crore and generate around 500 employment opportunities, contributing to the state’s industrial and economic growth.

The proposed investment will be deployed in a phased manner over the next 24 to 36 months and will support the expansion of Servotech’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.

Commenting on the development, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd., said, “We are delighted to partner with the Government of Haryana. Haryana has emerged as one of India’s most progressive investment destinations, and the launch of the Make in Haryana Industrial Policy 2026 reinforces the state’s commitment to industrial growth, clean-energy manufacturing and innovation. Our proposed ₹400 crore investment aligns with Servotech’s long-term vision of scaling renewable energy manufacturing capabilities and is a meaningful step towards our stated ambition of reaching ₹1,500 crore in revenue by FY 2027. We believe this collaboration will strengthen our operational footprint and contribute to Haryana’s clean-energy ambitions and broader economic development.”

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This appointment represents leadership across a consortium of 28 countries within the SCO framework, one of the world’s most influential intergovernmental organizations driving collaboration across energy transition, sustainability, and green economic development.

In this role, Raman Bhatia will work closely with international stakeholders to strengthen cross-border partnerships, enable knowledge exchange, and support the development of scalable and sustainable clean energy solutions across member nations. This recognition reinforces Servotech’s growing global relevance and its active role in advancing EV infrastructure, renewable energy solutions, and power electronics innovation.

Commenting on the appointment, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd., said, “I am honoured to take on this responsibility at a time when global collaboration is critical to accelerating the energy transition. The SCO platform provides a unique opportunity to work alongside policymakers and industry leaders across 28 countries to drive innovation, strengthen partnerships, and contribute meaningfully to the development of sustainable energy ecosystems. I look forward to advancing initiatives that support a cleaner, more connected global future.”

The post The Shanghai Cooperation Organisation Appoints Servotech’s MD Raman Bhatia as Head of SCO Working Group on Energy & Green Economy appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.