The Korean company, engaged in the development and production of solar cell manufacturing equipment and module manufacturing units, will invest 500 crore rupees in the project, a KSIDC press release said.
After a pre-feasibility study by Centre for Management and Development authorised by KSIDC, the joint venture will prepare a detailed project report for the scheme.
The pact for the joint venture will be executed after the feasibility of the project was established, the release said.