$77m Maharashtra incentives support Pune expansion as appliance giant scales India manufacturing
LG Electronics has secured a 15-year incentive package worth 7.06 billion Indian rupees (about $77 million) from the Maharashtra state government, a move that effectively reimburses the full cost of expanding its Pune factory and structurally lowers fixed costs in one of its most important overseas production hubs.
The package was approved earlier this month and disclosed by LG Electronics India on Monday.
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