PG Electroplast Signs MoU for Major Greenfield Project in Maharashtra

Next Generation Manufacturers Pvt Ltd, a division of PG Electroplast, has inked a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹1,000 crores in a new greenfield project at Kamargaon, Ahilyanagar, which will significantly strengthen India's manufacturing sector.

The agreement was made official in presence of Maharashtra Chief Minister Devendra Fadnavis, Industries Minister Uday Samant, Chief Secretary Rajesh Kumar and other senior State government officials, at the Sahyadri State Guest House in Mumbai. Under the state’s Magnetic Maharashtra initiative, the facility will manufacture air conditioners, washing machines, refrigerators, and related products, with an emphasis on advanced manufacturing.

In total, the investment expects to create over 5,000 direct and indirect jobs and strengthen India’s overall consumer electronics ecosystem in western India.

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Chief Minister Fadnavis highlighted the state’s commitment to industrial growth, saying, “Signing these MoUs is just the beginning. Maharashtra will actively support project execution and maintain an investor-friendly environment through initiatives like the Maitri Portal and our revised energy policy that reduces power tariffs.”

Vishal Gupta, Managing Director – Finance at PG Electroplast, expressed enthusiasm about the collaboration, stating, “This project marks a major step in our efforts to build world-class manufacturing capabilities in India. The Kamargaon facility will be deeply integrated, support the local components ecosystem, and create large-scale employment. We appreciate the proactive support from the Maharashtra government.”