Global diversified professional services and investment management company Colliers (NASDAQ, TSX: CIGI) in India, has won an INR 220 crore Design & Build Turnkey assignment from EPIC Designers which is to set up its first manufacturing unit in the country. The Hong Kong-based sustainable fashion company has acquired 40 acres of land at the IDCO Industrial Estate in Bhubaneswar, Odisha and is looking to build a state-of-the art facility that will enable efficient business operations and align with the firm’s future business objectives.
EPIC Group has been known to adopt modern technology and global practices to curate sustainable solutions in the apparel industry. True to its mission, the new unit will be completely Net Positive in energy and water and the landscaping will include several green spaces and zen gardens. Focused on sourcing sustainable materials, minimizing waste, and curbing its carbon footprint, this garment factory will be the first of its kind and a gamechanger for the apparel industry in India. The company intends to employ over 6000 people to run the facility.
“The facility, managed by EPIC Group’s subsidiary, Trimetro Garments India, is benchmarked against global standards and the cutting-edge facilities the company boasts across the world. We are definitely well-equipped to deliver an exceptional project that meets quality and design standards envisioned by the client, backed by years of experience and distinguished technical and strategic capabilities. The first phase spanning 338,000 sq. ft. is expected to be completed by May 2025 and the future expansion scope spans 381,236 sq. ft. We are excited to commence this noteworthy assignment and look forward to building a lasting partnership with EPIC Group.”, says Indranil Basu, Managing Director, Project Management, Colliers India.
“We are thrilled to announce plans for our first manufacturing facility in India. As a leader in sustainable fashion, expanding our operations to India was a natural next step given the country’s talented workforce and expertise in textile production. 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. Odisha’s pro-business environment and strategic location also make it the ideal destination for this significant investment. We look forward to working with Chief Minister Naveen Patnaik’s administration and tapping into the state’s abundance of qualified workers as we ramp up operations over the coming years. This new factory exemplifies our commitment to people and planet as we grow our global footprint.”, says Ranjan Mahtani, Executive Chairman of Epic Group.