ANNOUNCEMENT MOU JOINT VENTURE NATIONAL
MUMBAI, MAHARASHTRA, INDIA
By IFAB MEDIA - NEWS BUREAU - January 9, 2025 | 520 2 minutes read
In a landmark move set to reshape the Indian apparel landscape, Epic Group and Creative Group have signed a non-binding Memorandum of Understanding (MOU) on January 9, 2025. This strategic joint venture represents a potential investment of ₹500 crores (approximately USD 60 million) and is expected to create employment opportunities for 10,000 individuals, harnessing local talent to drive industry innovation and growth.
Epic Group, a globally recognized leader in apparel manufacturing, brings decades of experience and expertise to the partnership. With cutting-edge manufacturing facilities in Bangladesh, Vietnam, and Ethiopia, the group has been at the forefront of integrating advanced technologies and sustainable practices. Its world-class New York design studio and global customer base reflect a commitment to innovation, quality, and meeting market demands.
Creative Group, a prominent name in the Indian textile industry, adds its deep understanding of the domestic market and strategic vision to the joint venture. This partnership is poised to set new benchmarks in the industry by blending Epic Group’s global reach and innovative capabilities with Creative Group’s market expertise and operational excellence.
The joint venture focuses on leveraging advanced manufacturing processes, environmental sustainability, and design-driven solutions to cater to evolving customer needs. The partnership aims to establish India as a key hub in the global apparel supply chain while ensuring superior value for customers and stakeholders.
The announcement, made via Epic Group’s official LinkedIn page, marks the beginning of an ambitious journey to redefine the standards of the apparel industry in India. By combining their strengths, the two groups are committed to pushing boundaries, fostering innovation, and setting a new trajectory for the sector.