Under the Government of India’s Production Linked Incentive (PLI) scheme for AC components, major PLI applicants PG Technoplast, Amber Group has been accorded PLI benefits for AC Mfg approval.
PG Technoplast is known to be the first beneficiary approved to receive the incentives under the AC Components target segment based on its incremental investment and sales figures for FY 2021-22 and FY2022-23 respectively.
PG Technoplast’s Ahmednagar(Maharashtra, India) facility is already manufacturing all kinds of Split ACs ranging from 0.75T to 2.0T with installed annual capacities of 1.5 million IDUs and 1 million ODUs.
The facility spreads across 300,000sqft and has been designed to be sustainable, with several elements to reduce environmental impact.
The facility will have a 1.47MW solar plant, water conservation facilities, and integrated facility management systems to reduce plastic, corrugated and paper waste generation.
PG Technoplast Private Limited is a 100% subsidiary of PG Electroplast Limited and has manufacturing facilities in Ahmednagar (Maharashtra), Greater Noida (UP), and Bhiwadi (Rajasthan).
Commenting on getting the PLI benefits for AC Mfg approval, Vishal Gupta, Managing Director (Finance), PG Electroplast Limited (PGEL) said, “The PLI Schemes serve as a crucial foundation for the government’s efforts to realize the vision of an Atmanirbhar Bharat and enhance the competitiveness of domestic manufacturing globally.”
The government’s efforts and support are playing a vital role in nurturing domestic industry leaders, stimulating investments, and positioning India as a global manufacturing hub. We take immense pride in announcing that a wholly owned subsidiary of PGEL has become the first entity to secure disbursement approval from the Government of India under the PLI scheme for AC manufacturing. This achievement underscores significant recognition, and we, at PG, remain steadfast in our commitment to further investment, foster a robust component ecosystem, and advance towards design-led manufacturing said Gupta.”
About PG Technoplast and Its Capabilities for PLI benefits for AC Mfg approval.
PG Technoplast Private Ltd is a wholly owned subsidiary of PG Electroplast Ltd (PGEL) and has formally inaugurated its flagship AC manufacturing facility in Supa, Ahmednagar.
The factory began commercial production earlier this year in January and is said to be the first greenfield facility to come online under the PLI scheme for AC components.
Who is PG Electroplast Limited?
PG Electroplast Limited has been a front runner in providing new-age Electronics Manufacturing Services in India. In 2003, PGEL was incorporated as the flagship company of PG Group. Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding are our specialisation areas of PG Electroplast Limited.
Amber Group has also been approved for the disbursal of PLI benefits PLI benefits for AC Mfg.
Amber Group has also shared its comments on Government of India over PLI benefits for AC Mfg approval. Under the Government of India’s transformative Production Linked Incentive (PLI) scheme for AC components, major PLI applicants including Amber Group, has been approved for the disbursal of PLI benefits for manufacturing AC components.
Speaking about this milestone and extending his gratitude towards the government, Jasbir Singh, Chairman and CEO, Amber Group said, “The PLI scheme has been instrumental in propelling the Indian consumer durables industry and in realisation of Atmanirbhar Bharat in this segment. Since its inception, this scheme has boosted the domestic manufacturing capacity for ACs, jumping from 25% in 2021 to 45% till date, showcasing the remarkable impact of this initiative. On behalf of Amber Group, I extend our sincere gratitude to the government, DPIIT and the Ministry of Commerce.”
With this PLI benefits for AC Mfg approval, Amber Group is now well-positioned to take its manufacturing prowess to the global.
It can now achieve 75% local value addition in air conditioner and its components production within the stipulated time frame of FY28 said its official release.
The approval for the disbursal of PLI benefits for manufacturing AC components and PLI benefits for AC Mfg approval gives the companies manufacturing capability in the global spectrum.
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