PG Electroplast to invest `1,000 cr in Sri City

Vijayawada: PG Electroplast Limited, through its wholly-owned subsidiary PG Technoplast Private Limited, has chosen Sri City in Tirupati district for its first manufacturing facility in South India after evaluating alternative locations across the region, reaffirming industry confidence in Andhra Pradesh’s investor-first, reform-driven industrial ecosystem. PG Electroplast plans to invest approximately Rs1,000 crore over five years, commencing with a refrigerator manufacturing plant of 1.2 million units annual capacity, with commercial production targeted by December 2026.

It has master-planned provisions for subsequent phases in air conditioners, washing machines, and other appliances and electronics. PG Electroplast has described the Sri City campus as a proud milestone—its first South India facility and largest land acquisition - citing the site’s scale, port proximity, and export potential as transformational for its long-term growth strategy and community engagement. The company has acquired 50 acres in Sri City to develop an integrated manufacturing campus, representing its largest land acquisition to date and marking a significant addition to the state’s consumer durables and electronics manufacturing base. The project is expected to create over 500 direct jobs in the first phase and catalyze wider opportunities across components, logistics, and allied services in the Sri City industrial ecosystem.

Sri City’s world-class industrial infrastructure and facilitation ecosystem compress time-to-production for the 1.2 million-unit Phase 1 line, while the 50-acre campus design supports seamless expansion into multi-category appliance and electronics manufacturing.