China and India Join Hands to Explore New Pathways for Collaborative Development in the Photovoltaic Industry — In-Depth Exchange Between New Fuxing Group and Waaree Group Successfully Concludes

From March 18 to 20, 2026, Mr. Pankaj Srivastawa, Chief Operating Officer (COO) of Waaree Group’s glass division—the No. 1 photovoltaic module manufacturer in India—and Mr. Eisenhower Swaminathan, external consultant to the Group (former Managing Director of Saint-Gobain India), visited Guangxi New Fuxing Silicon Technology Co., Ltd. for a three-day in-depth inspection and exchange.

The kickoff meeting of the visit was chaired by Mr. Chen Quanfu, Chairman of New Fuxing Group, with senior management from various departments of the Guangxi company in attendance. At the meeting, Mr. Pankaj Srivastawa introduced the profile of Waaree Energies. With over 30 years of experience in the photovoltaic industry, Waaree is the largest solar module manufacturer in India, with a total module production capacity of 23.75 GW across India and North America. Its business spans multiple sectors, with products exported to 24 countries and regions. He also stated that the purpose of this visit was to explore potential collaboration models in supply chain synergy and product sales.

Mr. Pankaj Srivastawa and Mr. Eisenhower Swaminathan, along with the delegation, visited the silica sand mine, glass production workshops, and product exhibition area. They conducted an on-site review of production processes and intelligent manufacturing lines, and gained a comprehensive understanding of the Company’s overview, production strengths, and product portfolio. The delegation highly recognized New Fuxing’s capabilities and expressed strong interest in potential cooperation in photovoltaic glass supply, technology R&D, and other areas.This exchange further deepened mutual trust between the two parties and established a platform for future cooperation. It holds significant importance for the Company in expanding into the Indian and international markets and extending its glass industry value chain. The achievement also marks a key milestone in the substantive implementation phase of New Fuxing Group’s “Overseas Year” strategy, with accelerated progress in resource integration and market expansion.