PG Technoplast to invest Rs 315 cr under Magnetic Maharashtra initiative

25 May 2022 , 08:03 AM

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 1500 people