Vijayawada, Sept. 27 -- PG Electroplast Limited, through its wholly owned subsidiary PG Technoplast Private Limited, has chosen Sri City, located in Tirupati district, for its first manufacturing facility in South India after evaluating alternative locations across the region, reaffirming industry confidence in AP's industrial ecosystem.
The company has acquired a 50-acre land parcel in Sri City to develop an integrated manufacturing campus, representing its largest land acquisition to date and marking a significant addition to the state's consumer durables and electronics manufacturing base.
PG Electroplast plans to invest approximately Rs 1,000 crore over five years, commencing with a refrigerator manufacturing plant of 1.2 million unit...