PG Electroplast's Subsidiary to Invest ₹1000 Crore in Maharashtra Mega Project
PG Electroplast's subsidiary, Next Generation Manufacturers Pvt Ltd, has signed an MoU with the Maharashtra Government for a ₹1000 crore investment in Kamargaon, Ahilyanagar. The project aims to establish an integrated manufacturing facility for air conditioners, washing machines, refrigerators, and allied products. Expected to create over 5,000 job opportunities, this initiative is part of Maharashtra's Magnetic Maharashtra program to boost industrial growth. The facility will enhance the consumer electronics ecosystem in western India and demonstrate PG Group's commitment to developing world-class manufacturing capacities in India.

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PG Electroplast , a leading electronic manufacturing services provider, has announced a significant partnership with the Maharashtra Government through its step-down subsidiary, Next Generation Manufacturers Pvt Ltd. The collaboration involves a substantial investment of ₹1000.00 crore in a mega project aimed at bolstering India's manufacturing ecosystem.
Project Details
The Memorandum of Understanding (MoU) was signed at the Sahyadri State Guest House in Mumbai. The ceremony was attended by notable government officials, including the Chief Minister of Maharashtra, Shri Devendra Fadnavis, and the Minister of Industries, Shri Uday Samant.
Key highlights of the project include:
- Investment: ₹1000.00 crore
- Location: Kamargaon, Ahilyanagar, Maharashtra
- Scope: Establishment of a state-of-the-art integrated manufacturing facility
- Products: Air conditioners, washing machines, refrigerators, and allied products
- Employment: Expected to create over 5,000 direct and indirect job opportunities
Strategic Importance
This project is part of Maharashtra's flagship Magnetic Maharashtra initiative, aimed at attracting investments and boosting industrial growth in the state. The new facility is expected to significantly enhance the consumer electronics ecosystem in western India.
Mr. Vishal Gupta, Managing Director – Finance of PG Electroplast, expressed enthusiasm about the partnership, stating, "This investment underscores PG Group's commitment to creating world-class consumer electronics manufacturing capacities in India. The new facility at Kamargaon will be highly vertically integrated, boost the local components ecosystem, and generate large-scale employment."
Government Support
Chief Minister Devendra Fadnavis emphasized the government's commitment to ensuring smooth implementation of the project. He highlighted initiatives such as the Maitri Portal and a new energy policy reducing power tariffs, which are designed to create an investor-friendly environment in Maharashtra.
Company Background
PG Electroplast Limited is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing for leading consumer durable and electronics brands in India. The company boasts significant capabilities in plastic injection molding and offers services across the value chain in Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) for products like washing machines, room air conditioners, air coolers, and LED TVs.
This mega project represents a significant step forward in PG Electroplast's growth strategy and aligns with India's push for enhanced domestic manufacturing capabilities in the electronics sector.
Historical Stock Returns for PG Electroplast
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+4.10% | -4.97% | -28.73% | -31.19% | +8.00% | +11,342.27% |