EPACK Durable wins Andhra Pradesh nod for Rs 1,084 crore manufacturing expansion at Sri City
The ODM secured an incentive package to expand production of ACs, washing machines, TVs and appliances across 36.41 acres at Sri City, with a 50% capital subsidy and ~1,600 jobs. EPACK Durable commits Rs 314.31 crore and unit EMTPL Rs 770 crore under the state's Electronics Manufacturing Policy.
EPACK Durable, an ODM for consumer durable brands, won Andhra Pradesh approval for a Rs 1,084 crore incentive package to expand manufacturing of ACs, washing machines, TVs and appliances at Sri City, creating ~1,600 jobs.