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EPACK Durable has received the Andhra Pradesh government’s approval for a tailor-made incentive package

ICICIdirect Research 01 Jul 2026 DISCLAIMER

News: EPACK Durable has received the Andhra Pradesh government’s approval for a tailor-made incentive package under the state’s Electronics Manufacturing Policy 4.0 for a ₹1,084.3 crore combined investment by the company and its subsidiary, EMTPL. The package includes 36.41 acres of land at ₹60 lakh/acre, 50% capital subsidy on eligible fixed capital investment (EFCI), extension of incentives to investments made after November 2024, and other applicable policy benefits.

View: The approval underscores the state government’s continued support alongwith central government for India’s electronics manufacturing ecosystem and should materially reduce EPACK’s effective project cost while accelerating its manufacturing expansion in Sri City. Although the company has not disclosed the eligible fixed capital investment (EFCI), substantial part of the ₹1,084 crore project could potentially qualify. The incentive package is expected to enhance project IRRs, lower funding requirements and strengthen EPACK’s competitive positioning across room air conditioners, components and small domestic appliances.

Impact: Positive

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