Quote:Colliers 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.
Bhubaneswar, 27th March, 2024 - 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.
Posted by: Chitta - 03-27-2024, 07:46 PM - Forum: Major Roads
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Two parallel roads were being constructed. One is ready. The other has a small incomplete part as it passes through Salia sahi. It would be better if that part is routed through the border of Ekamra Kanan as shown in the map below.
Construction of a new water channel Mangala River to Devi Ghat earmarked. The project will revive historic course of Musa River and connecting it with River Mangala through greenways and network of lakes. It will replenish water by restoring natural ecology through dredging and de- silting, removal of invasive weeds and will have provision of recreational activities at the river edge to make the river accessible and navigable. STP and other infrastructures along river front to be developed in order to address issues related to effluents and pollutants.
3.2 Km long stretch in Phase-I is included in this project.
Dredging of Musa River from Mangala river to Devighat bridge.
River front development with landscaping, cycle track & pathway
Other amenities and surface parking
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About Musa River Phase-I Accomplishments
Cost Of Project ₹ 33.43 Crores
Project Area 3.2 Km Mangala River to Devi Ghat
Contractor M/s NCC Ltd.
Status Under Construction
Scheme ABADHA
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Project Goals
Restore the natural course of the Musa River by dredging and de-silting, reviving its historic path and connecting it with the Mangala River. Enhance the ecological balance, water flow, and natural habitat to reflect the river's historical significance.Create greenways, lakes, and recreational spaces along the river's edge, making it accessible and navigable for the community. Provide opportunities for recreational activities and a serene environment for residents and visitors.Develop infrastructure such as sewage treatment plants and other facilities to address effluents and pollutants, ensuring a clean and healthy ecosystem. Foster sustainable water management practices, promoting environmental conservation and long-term ecological well-being.
Features of Musa River Phase-I project
Encompasses a 3.2 km stretch from Devi Ghat to Kanchi River (Phase II dealt with separately).Dredging of Musa River from Mangala River to Devighat Bridge for improved water flow and aesthetics. Creation of picturesque riverfront with lush landscaping, cycle tracks, and pedestrian pathways. Provision of essential amenities including surface parking. Designated areas for bus and car parking, bicycle stands, security guard rooms, and an amenity block with visitor facilities. Landscaped area with solar trees, selfie decks, and an open-air theatre for enjoying the river views and events. Divided into sections for children's play, an amphitheatre, landscaped plaza, shaded area, and a cafeteria & restaurant building. Facility for boat rentals and water sports, along with boat repairing and maintenance infrastructure. Encompassing diverse spaces like forest area, landscaped gardens, lawns, waterbodies, and recreational plazas. A dedicated trail for cycling enthusiasts, running along the riverfront. Cobbler stone pathways for pedestrians to stroll and enjoy the riverfront views. Themed areas with solar trees and shaded structures for leisurely walks. Decorative Khandolite lamp posts for illumination and creating an enchanting ambiance.
Quote:The Cuttack Municipal Corporation (CMC) has set up public libraries in several slums of the city for the benefit of school students and youth. But while the libraries have been well received by locals, they lack basic facilities like drinking water and toilets.
As per reports, there are 264 identified slums in 59 wards of CMC. ... the civic body has so far constructed eight libraries at Tilak Nagar, Dhabaleswar Gada, Krushak Bazaar, Jagatpur, Nimpur and Bali Sahi slums.
The civic body has also engaged attendants (one each for a library) from a local self-help group for maintenance of the facilities. The libraries can accommodate 50 readers each at a time and get electricity through solar power.
States’ own tax revenue (SOTR) has increased from 5.7 per cent of GDP in 2003-04 to 6.9 per cent of GDP in 2022-23
Till 2016-17, sales tax/VAT was the largest component of own tax revenue. From 2017-18, however, State Goods and Services Tax (SGST) has emerged as the most important source, followed by sales tax/VAT, excise duty, stamp duty and registration fees and taxes on vehicles (Chart III.2).
SONTR: States Own Non-tax Revenue
States’ Own Non-Tax Revenue (SONTR) consists of six components viz., general services, social services, economic services, fiscal services, interest receipts, and ‘dividends and profits’. The share of SONTR in total revenue has declined steadily in the last decade, remaining below 10 per cent since 2010-11 (1.3 per cent of GDP in 2022-23) (Chart III.4).
3.12 Economic services are the major source of non-tax revenue for States and their share in SONTR has increased to around 60 per cent in 2021-22 and 2022-23 (Chart III.5). General services, social services and interest receipts are the other important components of SONTR. In most of the States, the contributions from fiscal services and receipts from dividend and profit remain insignificant.
3.13 States’ revenue from economic services is mainly generated from industries, power, petroleum, major and minor irrigation projects and forestry and wildlife (Chart III.6). While revenues from industries have increased significantly over the years, the shares of forestry and wildlife have declined.
3.14 Major heads of revenue from social services are medical and public health, education, and urban development (Chart III.7). The shares of revenues from education, sports, art and culture are on the decline.
3.15 There is a wide variation in own non-tax revenue collection across States (Table III.2). Mineral rich States like Odisha, Chhattisgarh, and Jharkhand have a significantly higher share of non-tax revenue than other States, with over 60 per cent of their non-tax revenue coming from mining royalties and premium paid by mines. In Goa, electricity distribution is a departmental activity and electricity charges collected from consumers are a part of government nontax revenue. In contrast, in most other States, electricity distribution is undertaken by power distribution companies (DISCOMs).
