EPACK Durable gets ₹1,084 Cr AP Govt approval for investment
EPACK Durable Limited and its wholly-owned subsidiary, EPACK Manufacturing Technologies Private Limited (EMTPL), have received approval from the Andhra Pradesh Government for a tailor-made incentive package under the Electronics Manufacturing Policy 4.0. The approval covers a combined proposed investment of ₹1,084.31 Crore, with EPACK Durable investing ₹314.31 crore and EMTPL investing ₹770 crore. This investment aims to expand manufacturing capabilities for various home appliances, including room air conditioners, components, small domestic appliances, washing machines, and televisions. The package includes the allotment of 36.41 acres of land at ₹60 Lakh per acre and a 50% capital subsidy on eligible fixed capital investment. The company anticipates this expansion will generate approximately 1,600 jobs in the state and support its long-term capacity expansion plans.
Key Highlights
- EPACK Durable and subsidiary receive AP Govt approval for ₹1,084.31 Cr investment.
- Investment to expand manufacturing of ACs, appliances, and components.
- Includes 36.41 acres land allotment and 50% capital subsidy.
- Expected to create around 1,600 jobs in Andhra Pradesh.
- Supports company's long-term capacity expansion and diversification.
Price Impact
More from EPACK