Next Generation Manufacturers, a subsidiary of PG Electroplast Limited, has signed an MoU with the Government of Maharashtra. The company will set up a greenfield consumer electronics plant in Kamargaon, Ahilyanagar. The project involves an investment of 1,000 INR-Crore.
The proposed project is part of the state Magnetic Maharashtra initiative. it will involve the construction of an integrated production of air conditioners, washing machines, refrigerators, and other related appliances. Upon completion, the facility is expected to generate over 5,000 direct and indirect jobs, significantly boosting Maharashtra’s consumer electronics ecosystem and supply chain network in Western India.
Also Read: How is Big Data Upping the Ante in the Construction Industry?
The new plant in Kamargaon will be extremely well integrated vertically, increase the local components ecosystem and create mass employment. The partnership with PG Electroplast highlights how the government has been working to attract high-value manufacturing investment and increase opportunities in its industrial development roadmap.
Biltrax Construction Data is tracking 36,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
