Strategic Initiative Approval
EPACK Durable Limited has secured approval from the Government of Andhra Pradesh for a tailor-made incentive package under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0). The approval covers combined proposed investments of the Company and its wholly-owned subsidiary, EPACK Manufacturing Technologies Private Limited (EMTPL).
Investment Structure
- Total combined proposed investment: ₹1,084.31 Crore
- EPACK Durable Limited investment: ₹314.31 crore
- EMTPL investment: ₹770 Crore
Incentive Package Details
- Land allotment: 36.41 acres at ₹60 Lakh per acre for establishing the proposed manufacturing facility
- Capital subsidy: 50% on eligible fixed capital investment for the combined proposed investments
- Incentives extend to investments already made by the Company and EMTPL in Sri City after November 2024
- Includes other benefits available under the Andhra Pradesh Electronics Manufacturing Policy (4.0)
Manufacturing Expansion Scope
The investment will expand manufacturing capabilities for:
- Room air conditioners
- Components
- Small domestic appliances
- Washing machines
- Televisions
- Other home appliances
Strategic Impact
- Builds on EPACK Durable's existing manufacturing presence in Sri City, Andhra Pradesh
- Supports long-term capacity expansion plans across diversified consumer durables portfolio
- Expected to generate employment of approximately 1,600 jobs in the state
- Enhances manufacturing footprint, operational efficiencies, and localization
Management Commentary
Mr. Ajay DD Singhania, Managing Director and Chief Executive Officer, stated that Andhra Pradesh has emerged as a preferred destination for electronics manufacturing due to progressive policies and strong industrial ecosystem. The investment will enable expansion across room air conditioners, small domestic appliances, large domestic appliances and components.
Policy Compliance
Incentives are linked to eligibility criteria prescribed under the Andhra Pradesh Electronics Manufacturing Policy (4.0), with financial benefits accruing in accordance with policy provisions as investments are implemented.
Company Background
EPACK Durable is one of India's leading Original Design Manufacturers (ODM) of room air conditioners and has diversified its manufacturing portfolio across large and small domestic appliances and components. Current product portfolio includes room air conditioners, washing machines, air coolers, induction cooktops, mixer grinders, bottled water dispensers, air fryers and other home appliances for leading consumer durable brands.