EPACK Durable Receives ₹68.4 Million Incentive Under M-SIPS Scheme

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Government Boost Reinforces EPACK’s Role in India’s Electronics Manufacturing Push

EPACK Durable Ltd, a key player in India’s consumer durables and electronics manufacturing sector, has received an incentive of ₹68.4 million under the Modified Special Incentive Package Scheme (M-SIPS). This financial support from the Ministry of Electronics and Information Technology (MeitY) is part of the government’s broader initiative to strengthen domestic electronics production and reduce import dependency.

Key Highlights of the Incentive Announcement

EPACK Durable Ltd has been granted ₹68.4 million under the M-SIPS program.

The incentive is aimed at supporting capital investments made by the company in electronics manufacturing infrastructure.

This marks a significant milestone in EPACK’s journey toward scaling up its production capabilities and enhancing competitiveness.

The company is expected to channel the funds into expanding its facilities, upgrading technology, and boosting output efficiency.

Understanding M-SIPS and Its Strategic Importance

The Modified Special Incentive Package Scheme was launched by the Indian government to promote large-scale investments in electronics manufacturing. Key features of the scheme include:

Financial incentives of up to 25 percent of capital expenditure for electronics manufacturing units.

Support for investments in plant, machinery, and technology upgrades.

Encouragement for companies to set up or expand manufacturing facilities in India.

EPACK’s inclusion in this scheme reflects its alignment with national goals such as Make in India and Atmanirbhar Bharat.

EPACK’s Manufacturing Footprint and Growth Trajectory

EPACK Durable has emerged as a fast-growing contract manufacturer for air conditioners, washing machines, and other consumer electronics. Its key strengths include:

Multiple manufacturing units across North India, including Greater Noida and Dehradun.

Strong OEM partnerships with leading Indian and global brands.

Focus on backward integration and automation to improve cost efficiency.

Expansion into new product categories such as refrigerators and kitchen appliances.

The ₹68.4 million incentive will likely accelerate EPACK’s plans to scale operations and enhance product quality.

Financial and Operational Impact

The incentive will be recorded as other income in EPACK’s financial statements, positively impacting profitability.

It may reduce the company’s reliance on debt for capital expenditure, improving its balance sheet strength.

Operationally, the funds can be used to procure advanced machinery, improve energy efficiency, and reduce production lead times.

This support also enhances EPACK’s ability to compete with global manufacturers, especially in price-sensitive segments.

Industry Context and Competitive Landscape

India’s electronics manufacturing sector is witnessing rapid growth, driven by rising domestic demand, export opportunities, and government incentives. EPACK’s receipt of M-SIPS funding places it among a select group of companies recognized for their strategic importance in this ecosystem.

The consumer durables market in India is projected to grow at a CAGR of 11.5 percent over the next five years.

Government schemes like PLI (Production Linked Incentive) and M-SIPS are catalyzing investment and innovation.

EPACK’s focus on quality, scale, and speed positions it well to capture a larger share of OEM contracts.

Conclusion

The ₹68.4 million incentive under M-SIPS is a strong endorsement of EPACK Durable Ltd’s role in India’s electronics manufacturing landscape. As the company continues to invest in infrastructure and technology, this financial support will serve as a catalyst for growth, innovation, and competitiveness. With the backing of government policy and a clear strategic roadmap, EPACK is poised to become a leading force in the consumer durables segment.

Sources: Reuters, Ministry of Electronics and Information Technology