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PG Technoplast to invest Rs 315 cr under Magnetic Maharashtra initiative

To set up largest AC manufacturing facility

May 24, 2022 11:42 IST | capital market
PG Electroplast announced that its wholly owned subsidiary, PG Technoplast has collaborated with the Maharashtra Industrial Development Corporation (MIDC) to invest Rs 315 crore to create the states largest Room AC Manufacturing capacities as a part of the Magnetic Maharashtra initiative. The MOU was signed yesterday at the Annual Meeting of the World Economic Forum held at Davos, Switzerland. This Megaproject will be the nations most vertically integrated RAC manufacturing facility and will provide a major thrust for the regions ESDM components ecosystem. It will also create direct employment opportunities for over 1,500 people. Powered by Capital Market - Live News

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