EPACK, outsourced design manufacturer of ACs, to set up ₹200-crore unit in Sri City of Andhra Pradesh
The Hindu
The company will invest ₹500 crore and create more than 3,000 jobs in five years, says its MD and CEO Ajay D.D. Singhania
The EPACK Durable of EPACK Group, a leading Original Design Manufacturer (ODM) of room air-conditioners, will set up an integrated manufacturing facility in the Sri City of Andhra Pradesh by investing about ₹500 crore in five years. The facility envisages creating more than 3,000 jobs in a phased manner in five years.
The Noida-headquartered company is planning to invest ₹200 crore in the first phase and set up a manufacturing plant for air-conditioners and small home appliances with a production capacity of 6 lakh units by mid-2023.
In an exclusive interaction with The Hindu, EPACK Durable Private Limited managing director and chief executive officer Ajay D.D. Singhania said that the company which serves the top AC brands in the country has two manufacturing units —Dehradun in Uttar Pradesh and Bhiwadi in Rajasthan—at present, with a production capacity of 1.2 million units per annum.
“With four major ports in the vicinity, the Sri City offers good opportunities for exports. Andhra Pradesh is a investor-friendly State and Sri City has a good ecosystem for manufacturing appliances. ”Ajay D.D. SinghaniaEPACK Durable MD and CEO
“Our third manufacturing facility will be set up in 25 acres in the Sri City of Andhra Pradesh. In the first year, we are planning to produce six lakh units and the production capacity will be enhanced in the next three years. About 1,000 jobs will be created in the first year. We expect the construction and trial production to be over by mid-2023 and the full-fledged production will begin by October 2023,” said Mr. Singhania.
Along with the plant in the Sri City, the company is also expanding the capacities of the existing facilities. “Once the Sri City plant is ready, our capacity will increase to 2.4 million units per annum,” said Mr. Singhania.
Asked why the EPACK chose Andhra Pradesh, Mr. Singhania said, “The South India market consumes 25% to 30% of the appliances manufactured, while the manufacturing base for these products is in North India, which means involvement of huge logistics. With four major ports in the vicinity, the Sri City offers good opportunities for exports. Also, Andhra Pradesh is a investor-friendly State and Sri City has a good ecosystem for manufacturing appliances,” explained Mr. Singhania.
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