EPACK Durable gets incentives, 36.41 acres land from AP Govt
EPACK Durable Limited and its subsidiary EPACK Manufacturing Technologies Private Limited (EMTPL) have received a Government Order from the Government of Andhra Pradesh approving tailor-made incentives under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0). This includes the allotment of 36.41 acres of land to EPACK Durable at ₹60 Lakh per acre for an Air Conditioners, components and small domestic appliances facility. The incentive package also comprises a 50% capital subsidy on eligible fixed capital investment and extension of incentives to investments already made in Sri City. The company's proposed investment is approximately ₹314.31 Crore, part of a combined investment of ₹1,084.31 Crore with EMTPL. The financial impact of these incentives is expected to accrue progressively.
Key Highlights
- EPACK Durable receives land allotment and incentives from Andhra Pradesh Government.
- 36.41 acres of land allocated for AC, components, and small domestic appliances facility.
- Includes 50% capital subsidy on eligible fixed capital investment.
- Company's proposed investment is ₹314.31 Cr, part of a larger ₹1,084.31 Cr investment.
- Financial impact to accrue progressively.
Price Impact
More from EPACK