EPACK Durable has secured approval from the Government of Andhra Pradesh for a tailor-made incentive package under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0) for the combined proposed investments of the company and its wholly-owned subsidiary, EPACK Manufacturing Technologies (EMTPL).
The approval covers a combined proposed investment of Rs 1,084.31 crore, of which proposed investment by the company is Rs 314.31 crore and proposed investment by EMTPL is Rs 770 crore. These investments are aimed at expanding manufacturing capabilities for room air conditioners, components, small domestic appliances, washing machines, televisions and other home appliances in the state.
Under the approved package, the Government has allotted 36.41 acres of land to the company at Rs 60 lakh per acre for establishing the proposed manufacturing facility. The package also provides a 50% capital subsidy on eligible fixed capital investment for the combined proposed investments, extends incentives to investments already made by the company and EMTPL in Sri City after November 2024, and includes other benefits available under the policy for the proposed investments.
The proposed investment builds on the company’s existing manufacturing presence in Sri City, Andhra Pradesh, and is expected to support the company's long-term capacity expansion plans across its diversified consumer durables portfolio.
EPACK Durable is an Original Design Manufacturer (ODM) of room air conditioners.
