Investors of Amber Enterprises India Ltd have little to complain about. Amber is a solution provider for air-conditioner original equipment manufacturer (OEM)/ original design manufacturer (ODM) industry in India. “Because of strong policy support, Amber will be setting up two factories to benefit from added demand," said analysts from Anand Rathi Share and Stock Brokers Ltd in a report on 24 December. With its two new factories expected to be commissioned by FY22, Amber can benefit from further policy support in the form of production linked incentives (PLI) for components," said Anand Rathi analysts. “Amber aims to leverage scale in the domestic market to target both component and product exports markets in the US and Middle East," said Credit Suisse analysts in a report on 8 December.

Source: Mint December 25, 2020 06:22 UTC