Home » India » Epic Group to make $20 million investment in India

Epic Group to make $20 million investment in India

Feb 20, 2019 | Emerging Trends, India

Epic Group, a manufacturing multinational conglomerate headquartered in Hong Kong, will make an investment of around $20 million in Ranchi.

 

Epic Group, a manufacturing multinational conglomerate headquartered in Hong Kong, will make an investment of around $20 million in Ranchi, State of Jharkhand, India, this year. Delegates from the company, led by Ranjan Mahtani, Chairman and Group CEO, were in New Delhi earlier this week and met Textiles Minister Government of India, Smriti Irani. The delegation is in Ranchi to meet the Chief Minister of Jharkhand, Raghubar Das to discuss the details.

In the visit, the delegation aims to assess and gain a perspective on the various opportunities that are available within the industry. They will also seek to understand the keenness and the clarity of the policymakers to welcome and encourage foreign investors in the local domain. Their intent to invest in the country is also driven by the fact that the promoters are of Indian origin and they want to contribute in their own way to the overall theme of development coupled with the infusion of technology as well as upskilling of the local workforce.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.


Ranjan Mahtani, Chairman and Group CEO, Epic Group, said, "At this point, we strongly believe that the environment is conducive and there is sufficient fiscal and policy level impetus, to facilitate progressive entrepreneurs to opportunities within the geography."

"The Group intends to set up a greenfield garmenting unit in India with around 40 lines at an investment of up to $20 million. The potential direct employment will be upwards of 4000 people with indirect employment potential upwards of around 20000 people. Ranchi in Jharkhand looks most promising as a potential location and we look forward to starting our association with the state," he added.

Article Source : indianretailer

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Naspers Is Said to Eye Fintech Deals in $1 Billion India Push

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...

Spain’s Puig makes India entry with investment

Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.

Share This

Share this post with your friends!