April 20, 2024
Industry

Epic Group Investing Rs 220 Crore In Odisha Garment Facility

Epic Group, a Hong Kong-based apparel industry major is starting its first Indian apparel production plant in India, for which, it has acquired 40 acres of land in Bhubaneswar, Odisha.

Colliers India, a diversified professional services and investment management company has been appointed to set up the manufacturing facility.

Epic Group will invest around Rs 220 crore in the facility which is located at the IDCO Industrial Estate in Bhubaneswar, with the first phase of the project expected to be completed by May 2025.

According to a statement, the clothing factory will be the first of its kind and a game changer for the apparel industry in India and is projected to employ over 6,000 people.

“As a leader in sustainable fashion, expanding our operations to India was a natural next step given the country’s talented workforce and expertise,” Ranjan Mahtani, Chairman of Epic Group said.

“With Colliers as our partners, I am confident we will develop a world-class facility that sets a new standard for socially and environmentally responsible apparel manufacturing,” he added.

“Odisha’s pro-business environment and strategic location also make it the ideal destination for this significant investment,” Mahtani informed.

The facility, managed by Epic Group’s subsidiary, Trimetro Garments India, is benchmarked against global standards and will have cutting-edge technologies and equipments.

“The first phase spanning 338,000 sq. feet is expected to be completed by May 2025 and the second phase spans 381,236 sq. feet,” Indranil Basu, Managing Director at Colliers India also said.

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