Investment30 Aug 2025, 01:01 pm
PG Electroplast Subsidiary to Invest ₹ 1000 Crore in Maharashtra Mega Project
AI Summary
PG Electroplast's step-down subsidiary, Next Generation Manufacturers Pvt Ltd, has signed an MoU with the Government of Maharashtra to invest ₹ 1000 crores in a greenfield project at Kamargaon, Ahilyanagar. The project is expected to create over 5,000 direct and indirect employment opportunities and establish state-of-the-art integrated manufacturing capacities for air conditioners, washing machines, refrigerators, and allied products.
Key Highlights
- PG Electroplast's step-down subsidiary to invest ₹ 1000 crores in Maharashtra
- Project to create over 5,000 direct and indirect employment opportunities
- Establishment of state-of-the-art integrated manufacturing capacities for consumer electronics
- Part of Maharashtra's flagship Magnetic Maharashtra initiative
- Project to significantly boost the consumer electronics ecosystem in western India