EPACK Durable Ltd on Wednesday said it has received approval from the Andhra Pradesh government for a tailor-made incentive package under the Mega Category of the state's Electronics Manufacturing Policy (4.0) for a combined proposed investment of Rs 1,084.31 crore by the company and its wholly owned subsidiary, EPACK Manufacturing Technologies Pvt Ltd (EMTPL).
The approved investment comprises Rs 314.31 crore by EPACK Durable and Rs 770 crore by EMTPL. The funds will be used to expand manufacturing capacities for room air conditioners, components, small domestic appliances, washing machines, televisions and other home appliances in Andhra Pradesh.
