Investment22 Mar 2025, 10:58 pm
EPACK Durable Receives 2nd Incentive Under PLI Scheme for White Goods
AI Summary
EPACK Durable Limited has received approval for disbursement of the 2nd incentive under the Production Linked Incentive (PLI) Scheme of the Government of India for White Goods. The company has made requisite investments in the Target Segment of manufacturing Room Air Conditioner (RAC) Components during the Financial Years 2021-22 and 2022-23. The manufacturing takes place at the company's state-of-the-art facilities in Dehradun, Uttarakhand, Bhiwadi, Rajasthan, and Sri City, Andhra Pradesh. After audit and due diligence, the company has received approval for disbursement of the 2nd trench of PLI Incentive for the Financial Year 2023-24, amounting to INR 30 Crore.
Key Highlights
- EPACK Durable received approval for disbursement of the 2nd incentive under the PLI Scheme for White Goods.
- The company made requisite investments in the manufacturing of RAC Components during the Financial Years 2021-22 and 2022-23.
- The manufacturing facilities are located in Dehradun, Uttarakhand, Bhiwadi, Rajasthan, and Sri City, Andhra Pradesh.
- After audit and due diligence, the company received approval for disbursement of the 2nd trench of PLI Incentive for the Financial Year 2023-24.
- The 2nd trench of incentive amounts to INR 30 Crore.