Pune: Contract white goods manufacturer PG Technoplast has announced the signing of a memorandum of understanding (
MoU) with the
Maharashtra government to invest Rs 315 crore to set up “Maharashtra’s largest room air-conditioner manufacturing facility”.
The MoU was signed as a part of the state government’s ‘Magnetic Maharashtra’ investor interface at the
World Economic Forum in Davos, Switzerland. “We are grateful to the government for facilitating PG’s push to provide its customers turn-key solutions for all home appliances. The move will help bring room AC manufacturing to the western region of the country, which historically has been concentrated in the northern, and now southern parts of the country,” said
Vikas Gupta
, MD of operations at the
PG Group
, which owns PG Technoplast.
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