MoU7 Apr 2026, 06:11 pm
Prostarm Info Systems Ltd Signs MOU with Shenzhen Topband Co.Ltd for BESS Manufacturing
AI Summary
Prostarm Info Systems Ltd has approved to sign a Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd (TOPBAND) for a strategic alliance under a Battery Energy Storage System (BESS) co-manufacturing model. The collaboration aims to establish domestic value addition in line with the ‘Make in India’ initiative. TOPBAND will supply SKD BESS kits, technology, and technical know-how, while Prostarm will undertake local assembly, integration, and commercialization in India. The agreement involves a minimum purchase commitment of USD 10,000,000 over 18 months.
Key Highlights
- Prostarm Info Systems Ltd to sign MOU with Shenzhen Topband Co. Ltd for BESS co-manufacturing
- Collaboration aims to establish domestic value addition in line with the ‘Make in India’ initiative
- TOPBAND to supply SKD BESS kits, technology, and technical know-how
- Prostarm to undertake local assembly, integration, and commercialization in India
- Minimum purchase commitment of USD 10,000,000 over 18 months