Epic Group to make $20 million investment in 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.
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.
For a company that mainly offers investments into real estate and that has only yesterday launched a new product: ETA Rental Guarantee; and with thousands of properties in Pattaya, this might sound a bit suicidal as the current Occupancy rate is Pattaya has dropped...
If you are one of the thousands of property owners that have been patiently or possibly more realistically, frustratingly, trying to find a buyer willing to pay anywhere near the amount you originally paid for your property then you are not going to like what’s coming...
James Murdoch , younger son of media mogul Rupert Murdoch , has set up the first office outside the US for his new investment firm, Lupa Systems, in Mumbai. It will be led by his former associate Nitin Kukreja, who said, “James has always been bullish on India. It’s a...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.