Apparel manufacturing

[Chitta]

Following is an excerpt from https://apparelresources.com/business-ne...in-odisha/ 

Epic Group’s largest facility to be established in Odisha

by Apparel Resources News-Desk 03-October-2023


EPIC Group, one of the leading apparel manufacturers based in Hong Kong and renowned for serving some of the world’s leading brands, is poised to bolster foreign direct investment in Odisha.

Trimetro Garments India, a subsidiary of the Group, is planning to invest Rs. 376.85 crore for establishing its apparel manufacturing facility in the Khurda district. The project is likely to generate employment opportunities for 7,050 people. This state-of-the-art apparel manufacturing facility in Khurda district, will be the largest facility within the Epic Group.

[Chitta]

Following is an excerpt from https://www.livemint.com/industry/odisha...89862.html

Odisha has set an ambitious target of attracting an investment of ₹10,000 crore for its textiles sector over the next five years, with the aim to bolster the state's economy by creating more than 100,000 job opportunities.

In a conversation with Mint, Bhupendra Singh Poonia, managing director, Industrial Promotion & Investment Corporation of Odisha (IPICOL), said, “The state government has approved projects in the textiles sector under the revised Industrial Policy Regulation (IPR) that offers a 30% reimbursement facility to investors in the textiles sector."

Investors can expect this incentive to be disbursed in five equal annual installments, translating to a 6% reimbursement each year, starting after the commencement of commercial production.

...  “We have approved 26 proposals in this sector, and they are in different stages of commissioning, land allotment, design drawing, approval, etc.," Poonia said.

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Companies like Shahi, Aditya Birla, local entity White Lotus, and Welspun Living are among those who have pledged investments ranging from ₹50 crore to ₹4,000 crore.

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In addition to these incentives, the state government will provide a ₹2 per unit electricity cost reimbursement for the next decade, based on a base rate of ₹6 per unit, specifically for firms in the textile sector.

Furthermore, the state will cover ESIC (Employees' State Insurance Corporation) and EPFO (Employees Provident Fund Organisation) contributions for Odia workers, promoting employment within the state, he said.

An additional initiative to construct hostels for women workers, aiming to house 35,000 workers at minimal rent, will ensure better access to manufacturing units and transport connectivity, Poonia added.