Aequs Infra has launched a manufacturing ecosystem for fast-moving consumer goods (FMCG) within the Hubballi Consumer Goods Cluster (HDC) in North Karnataka. The company aims to increase production capacity and facilitate domestic and international market access for companies operating in the region.
The FMCG Manufacturing Ecosystem, part of a larger initiative by Aequs Infra, aims to expand production scale and efficiency for industrial units in the area. According to the company, firms based in the Hubballi-Dharwad region account for over 35 percent of the Indian FMCG market.
To attract FMCG companies to the region, the Government of Karnataka is offering incentives to participants. These include a Capital Investment Subsidy of 20 percent of the value of fixed assets, up to Rs 250 crore, and a performance-based incentive amounting to 3 percent of the annual turnover. These benefits are expected to be available for a five-year period for companies operating within Aequs’ ecosystem.
Vikram Annappa, Managing Director of Aequs Infra, described the project as part of a broader plan to position North Karnataka as a hub for FMCG manufacturing.