fbpx

Emerging Trends Advisors Co., Ltd.
306/82 Moo.10, Nongprue, Banglamung,
Chonburi 20150 Thailand

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 Advisors, India

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

 

Epic Group, a multinational manufacturing 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 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 it is sufficient fiscal and policy level impetus, to facilitate progressive entrepreneurs to opportunities within the geography."

"The Group intends to set up a greenfield garment 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: Indian retailers

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.

ETA Client Alert | Hotel Operators

ETA - Client Alert | Hotel Operators Thailand's National Council for Peace and Order (NCPO) issued Order No. 6/2562 on 12 June 2019, to temporarily suspend the enforcement of town planning and local building control regulations on specific buildings that are used for...

ETA Rental Guarantee Feasibility Report

ETA | Rental Guarantee Feasibility ReportWe are confident enough in our product not only to secure your principal amount invested with a freehold title deed but to pledge further assets giving security to both the returns and any “Buyback Guarantees.”Hereʼs why!!We...

AN OFFER TO LOCAL BUSINESS OWNERS

As we begin in earnest to market to our prospective tenants, I am wanting to swap properties for credits within your business to form an essential aspect of the fantastic deals that are being promoted as part of the new “All Inclusive” deal offered by Love Pattaya...

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.