Business Update2 Apr 2024, 11:19 pm
EPACK Durable Ltd Receives First Incentive under PLI Scheme for White Goods from Government of India
AI Summary
EPACK Durable Ltd has announced the receipt of the first incentive under the Production Linked Incentive (PLI) scheme of the Government of India for White Goods. The company had applied for this incentive in September 2021 and received approval in November 2021. After meeting the necessary investment requirements and undergoing audits and due diligence, the company has been granted a 15 crore incentive for the financial year 2022-2023.
Key Highlights
- EPACK Durable Ltd applied for and received approval under PLI Scheme for White goods on September 15, 2021
- The Company made required investments in manufacturing of RAC Components during Financial Year 2021-22
- Audits and due diligence carried out by nodal agencies appointed by GOI
- Company received first incentive of 15 crores under PLI Scheme for Financial Year 2022-23
- EPACK Durable believes in providing holistic manufacturing services and contributing to the manufacturing eco-system in India