PG Electroplast to Invest Rs 10 Billion in Maharashtra Plant

01 Sep 2025 CW Team

The MoU signing ceremony took place at the Sahyadri State Guest House in Malabar Hill, Mumbai, in the presence of Maharashtra’s Hon’ble Chief Minister Shri Devendra Fadnavis, Minister of Industries Shri Uday Samant, Chief Secretary Shri Rajesh Kumar, Secretary of the Industries, Energy and Labour Department Dr. P. Anbalagan, Chief Advisor (Investments & Strategy) to the Chief Minister Shri Kaustubh Dhavse, MIDC CEO Shri P. Velrasu, and Development Commissioner (Industries) Shri Deependra Singh Kushwah.

As part of Maharashtra’s flagship Magnetic Maharashtra industrial initiative, the project aims to set up advanced, integrated manufacturing facilities for air conditioners, refrigerators, washing machines, and allied products. The Rs 10 billion investment is expected to generate over 5,000 direct and indirect employment opportunities, significantly strengthening the consumer electronics manufacturing ecosystem in western India.

Chief Minister Devendra Fadnavis hailed the MoU as a milestone for the state’s industrial progress, stating, “Signing these MoUs is only the beginning. The government will act as a partner at every stage to ensure smooth implementation and a seamless, investor-friendly environment without any hurdles. With initiatives such as the Maitri Portal and our new energy policy reducing power tariffs, Maharashtra is fully committed to accelerating industrial growth.”

Mr Vishal Gupta, Managing Director – Finance at PG Electroplast, remarked, “We are delighted to partner with the Government of Maharashtra for this transformative project. This investment underscores the PG Group’s commitment to building world-class consumer electronics manufacturing capacities in India. The new facility at Kamargaon will be highly vertically integrated, strengthen the local components ecosystem, and create large-scale employment. We thank the state government for its proactive support and look forward to contributing meaningfully to Maharashtra’s industrial journey.”

In a major step towards bolstering India’s manufacturing sector, Next Generation Manufacturers Pvt Ltd—a step-down subsidiary of PG Electroplast—has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 10 billion in a greenfield facility at Kamargaon, Ahilyanagar.The MoU signing ceremony took place at the Sahyadri State Guest House in Malabar Hill, Mumbai, in the presence of Maharashtra’s Hon’ble Chief Minister Shri Devendra Fadnavis, Minister of Industries Shri Uday Samant, Chief Secretary Shri Rajesh Kumar, Secretary of the Industries, Energy and Labour Department Dr. P. Anbalagan, Chief Advisor (Investments & Strategy) to the Chief Minister Shri Kaustubh Dhavse, MIDC CEO Shri P. Velrasu, and Development Commissioner (Industries) Shri Deependra Singh Kushwah.As part of Maharashtra’s flagship Magnetic Maharashtra industrial initiative, the project aims to set up advanced, integrated manufacturing facilities for air conditioners, refrigerators, washing machines, and allied products. The Rs 10 billion investment is expected to generate over 5,000 direct and indirect employment opportunities, significantly strengthening the consumer electronics manufacturing ecosystem in western India.Chief Minister Devendra Fadnavis hailed the MoU as a milestone for the state’s industrial progress, stating, “Signing these MoUs is only the beginning. The government will act as a partner at every stage to ensure smooth implementation and a seamless, investor-friendly environment without any hurdles. With initiatives such as the Maitri Portal and our new energy policy reducing power tariffs, Maharashtra is fully committed to accelerating industrial growth.”Mr Vishal Gupta, Managing Director – Finance at PG Electroplast, remarked, “We are delighted to partner with the Government of Maharashtra for this transformative project. This investment underscores the PG Group’s commitment to building world-class consumer electronics manufacturing capacities in India. The new facility at Kamargaon will be highly vertically integrated, strengthen the local components ecosystem, and create large-scale employment. We thank the state government for its proactive support and look forward to contributing meaningfully to Maharashtra’s industrial journey.”

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Infrastructure Energy

17 Oct 2025

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Infrastructure Energy

17 Oct 2025

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..