EPACK Durable Limited has informed the Exchange about General Updates - Receipt of Entitlement Certificates under RIPS 2024 for Turnover Linked Incentive
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EPACK Durable Limited has received Entitlement Certificates from the Government of Rajasthan under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Bhiwadi manufacturing facility. The company has been classified as a 'Large Category' unit in the Electronics System Design & Manufacturing (ESDM) sector. The approved incentives include a Turnover Linked Incentive (TLI) at 1.32% of eligible net sales turnover for 10 years, 100% Electricity Duty Exemption for 7 years, and 50% reimbursement of eligible skilling and training expenditure. These incentives are effective from February 15, 2022, and are expected to enhance the company's manufacturing competitiveness and support future expansion plans.
This is a positive development for the company as the government incentives will reduce operational costs and improve profitability. The incentives strengthen EPACK Durable's competitive positioning in the electronics manufacturing sector and support its growth plans in Rajasthan.