Power solutions provider Jakson Group is looking at a revenue target of Rs 600 crore from the solar power business by March 2017 and has shortlisted Qatar, UAE and South Africa as its target markets for the future.
"We have showcased our products in Qatar, Dubai (UAE) and South Africa and we hope to have a presence there," Sundeep Gupta, Joint Managing Director, Jakson Group, told reporters here.
Gupta, who is travelling to Africa this week, said as part of its strategy, the company is targeting revenue of Rs 600 crore by March 2017 through expanding its solar power production, mobile and containerised solar gensets and EPC (engineering, procurement and construction) portfolio.
Jakson recently introduced country's first environment friendly solar gensets as part of its plan to launch innovative solar products.
The company also plans to foray into country's defence sector.
"We want to introduce solar products like solar water purifiers, mobilephone gensets, etc," Gupta said adding the company is constantly working on innovative solar products.
The company has commissioned its first 20 MW solar power plant at Bap in Jodhpur district of Rajasthan in February 2013 with an investment of Rs 200 crore.
It plans to further expand the capacity from 20 MW to 100 MW with an investment of additional Rs 600 crore by 2017.
Jakson is currently implementing 10 MW solar project in Bundelkhand, Uttar Pradesh with an investment of Rs 80 crore.
It has a facility in Greater Noida to manufacture solar products. The plant is expected to manufacture 5,000 units of solar products per annum.
The company is in the process of setting up new dealer and distribution network to market these new products in India and overseas.
