Investment7 Aug 2025, 01:52 pm
EPACK Durable Ltd Receives INR 6.84 Crore Incentive Under M-SIPS
AI Summary
EPACK Durable Ltd has announced the receipt of an incentive of INR 6.84 Crore under The Modified Special Incentive Package Scheme (M-SIPS). The scheme, initiated by the Ministry of IT & Electronics, Government of India, aims to promote electronics manufacturing in the country. The incentive is a part of the three phases of the scheme, which offers incentives for investments in capital expenditure for setting up electronic manufacturing units. The company, in alignment with the 'Make in India' and 'Aatmanirbhar Bharat' visions, had applied and invested in the scheme. The incentive amount is a significant boost to the company's efforts in the electronics manufacturing sector.
Key Highlights
- EPACK Durable Ltd receives INR 6.84 Crore under M-SIPS
- The incentive is a part of the Government of India's initiative to promote electronics manufacturing
- The company had applied and invested in the scheme in line with 'Make in India' and 'Aatmanirbhar Bharat' visions
- The incentive is a significant boost to the company's efforts in the electronics manufacturing sector
- The incentive is a part of the three phases of the scheme offering incentives for investments in capital expenditure