AP Government approves 1,084.31 crore investment plan for EPACK Durable
EPACK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AP Government approved a tailored incentive package under AP Electronics Manufacturing Policy 4.0 for EPACK Durable and its wholly-owned subsidiary EMTPL. Combined proposed investment is 1,084.31 crore (EPACK 314.31 crore, EMTPL 770 crore). 36.41 acres of land allotted at 60 lakh per acre, with 50 percent capital subsidy on eligible fixed capital. Plan covers ACs, components, washing machines, TVs and other appliances in Sri City. Expected to create about 1,600 jobs.
Positive for long-term expansion. Government subsidies lower capital costs, though benefits depend on policy eligibility and actual investment execution.