# PG Technoplast to invest Rs 315 crore in AC manufacturing facility in Maharashtra

PG Technoplast, a subsidiary of PG Electroplast, signed an MOU with MIDC to invest Rs 315 crore in a room AC manufacturing facility in Maharashtra, India, creating over 1,500 jobs.

- Type: Investment
- Announced: 2022-05-24
- Where: Maharashtra, India
- Value: $41.0M (3.15B INR)
- Jobs: 1,500
- Status: announced
- Products: room air conditioners
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [PG Technoplast](https://endata.com/companies/62909.md)
- [Maharashtra Industrial Development Corporation](https://endata.com/companies/63033.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/pg-technoplast-to-invest-rs-315-cr-under-magnetic-maharashtra-initiative-122052400522_1.html), 2022-05-24: "PG Technoplast has collaborated with the Maharashtra Industrial Development Corporation (MIDC) to invest Rs 315 crore to create the state's largest Room AC Manufacturing capacities"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.