EPACK Durable Limited has informed the Exchanges about Receipt of Entitlement Certificates under RIPS 2024 for Turnover Linked Incentives.
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EPACK Durable Limited has received Entitlement Certificates under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Bhiwadi, Rajasthan manufacturing facility. The company has been classified as a 'Large Category' unit under the Electronics System Design & Manufacturing (ESDM) thrust sector. 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, effective from February 15, 2022. The financial benefits will be recognised per applicable accounting standards and upon completion of prescribed claim processes.
The incentives are expected to reduce long-term operating costs and enhance manufacturing competitiveness, providing modest earnings support without directly impacting near-term revenue or orders.