EPIC Group Enters the Indian market and Appoints Colliers India to Establish its Inaugural Manufacturing Facility in Bhubaneswar

user Admin
  • 31st Mar 2024
  • 1385
  • 0
EPIC Group Enters the Indian market and Appoints Colliers India to Establish its Inaugural Manufacturing Facility in Bhubaneswar
Never miss any update
Join our WhatsApp Channel

Epic Group, a leader in sustainable fashion from Hong Kong, is making a significant move by establishing its first manufacturing facility in India, entrusting Colliers India with a massive Rs 220 crore project to bring this vision to life in Bhubaneswar, Odisha.

Land Acquisition for Future Growth:The company has secured 40 acres in the IDCO Industrial Estate, aiming to support its ambitious business goals and cater to global brands right from India.

Project Details and Sustainability:Under the stewardship of EPIC Group’s subsidiary, Trimetro Garments India, the Bhubaneswar unit is set to meet global benchmarks. The initial phase covers 338,000 sq. ft, expected to conclude by May 2025, with plans for an additional 381,236 sq. ft for future growth.

Pioneering Sustainable Fashion:This factory isn't just any facility; it's a trailblazer in the apparel industry in India, focusing on sustainable practices, reducing waste, and cutting down carbon emissions. Over 6,000 employees will breathe life into this venture, highlighting the scale of impact it aims to achieve.

Strategic Expansion and Local Collaboration:

Epic Group’s expansion into India, particularly Odisha, is a strategic choice, driven by the state's welcoming business climate, strategic position, and skilled textile workforce. This move is in harmony with the company's commitment to sustainable growth and leveraging local talent.

Collaborative Growth: The collaboration with Odisha’s government is poised to unlock a wealth of job opportunities, setting a precedent for sustainable development in the fashion sector.

Global Footprint:

With manufacturing units already in Bangladesh, Jordan, and Ethiopia, serving giants like Walmart and Uniqlo, Epic Group’s foray into India is a testament to the country's growing prowess as a manufacturing and export hub.

India is making remarkable strides in becoming a global manufacturing heavyweight, with ambitions to be recognized as a major player on the world stage by 2030, driven by export-led growth.

Epic Group's establishment of a sustainable fashion manufacturing unit in India is not just an expansion; it's a strategic alignment with India’s manufacturing aspirations and sustainable development goals. This venture is set to make significant contributions to India's economy, employment, and environmental stewardship, marking a significant milestone in the country's journey to becoming a global manufacturing leader.


Related Topics / Tags

Admin

Author

Admin

...


Comments

Add Comment

No comments yet.

Add Your Comment

Relevant Blogs

Infrastructure
Mumbai's Coastal Road Project to Unveil New Sea Link, Promenade, and Parking in 2024

Mumbai's ambitious coastal road project achieved a significant milestone this week as the 44-meter stretch connecting the northbound coastal road to t

Infrastructure
Another Step to a Seamless Mumbai - Coastal Road's Final Bridge Span Set to Transform Connectivity with Bandra-Worli Sea Link

Northbound Coastal Road Span Nears Completion Mumbai's infrastructure milestone is reaching its final stages as the penultimate span of the northboun

Infrastructure
Vedanta's INR 1 Lakh Crore Investment to Boost Odisha's Growth

Massive Investment in Odisha Vedanta has announced a major investment of ₹1 lakh crore in Odisha, aimed at establishing a 6 million tonne alumina re