At the TaiyangNews Solar Technology Conference India 2025, held on April 10-11 in New Delhi, Prof. Dinesh Kabra from NCPRE shared significant advancements in perovskite solar cell technology. He highlighted that the global perovskite solar cell market is projected to expand by 57% between 2023 and 2030, reaching an estimated value of $2.7 billion by the end of the decade. This growth reflects the rapidly increasing interest and investment in next-generation solar technologies. Prof. Kabra revealed that his team, in partnership with a start-up from IITB, ART-PV India Ltd., has achieved a laboratory-scale efficiency of 29.84% for perovskite solar cells. To protect their innovations, they have filed patents in both the US and India. Notably, they have already secured patents for a "System and Method for Fabrication of Multi-layer Thin-Film Optoelectronic Devices". As part of this development, they engineered the SUBSem+ equipment for automated manufacturing of perovskite solar cells, achieving this at just 1/20th of the typical cost, according to Prof. Kabra. Looking ahead, the team has set ambitious goals: they aim to reach a lab-scale efficiency of 34% by December 2025, supported by the opening of a new 2,500 sq. ft. facility near Mumbai. By December 2027, their objective is to demonstrate a commercial-scale efficiency of 30% for perovskite solar cells, marking a significant milestone in the commercialization of high-efficiency next-generation solar technologies in India.