Taiwan’s footwear brand to set up a plant in Tamil Nadu

High Glory Footwear, a subsidiary of Taiwan`s Pou Chen Group will installation a production plant in Tamil Nadu. The plant will arise at Ulundurpet Sipcot Industrial Park with an funding of ₹2,302 crore.

Pou Chen Corporation is the world`s biggest branded shoes manufacturer. In 2022, it synthetic 272.7 million pairs for dozens of worldwide manufacturers like Nike, Adidas, Reebok and Asics. Globally, it employs over 3 lakh personnel in international locations like China, Vietnam, Bangladesh and Cambodia.

The business enterprise on Monday signed a `based bundle agreement` with the State authorities withinside the presence of Chief Minister MK Stalin on the Secretariat.

Jobs possibilities for over 20,000 human beings

Over the following 12 years, the partnership will generate employment possibilities for extra than 20,000 human beings withinside the non-leather-based shoes sector, specially for the adolescents and ladies in and across the Kallakurichi District, says a tweet through Guidance, Tamil Nadu`s nodal business enterprise for funding promoting and unmarried window facilitation.

“This is a totally crucial milestone in our business enterprise`s history. This can be the primary of many investments to come,” stated George Liu, Vice President, Pou Chen Group, after signing the agreement.

Attracting Taiwanese firms

Tamil Nadu maintains to draw foremost Taiwanese agencies withinside the non-leather-based shoes sector. Feng Tay has  factories in Bargur and Cheyyar and the 1/3 one in Tindivanam beneathneath construction. Hong Fu has signed an MoU with the State authorities to invest ₹1,000 crore and create 20,000 jobs.

In addition, Kothari-Phoenix Group has signed MoU, and 10 different factor producers of Kothari have signed MoU with a complete funding of ₹2,740 crore growing 39,500 jobs.

Vishnu Venugopalan, MD and CEO, Guidance, advised businessline that non-leather-based goes to be one of the foremost awareness sectors for the State authorities. It can deliver in widespread funding and additionally generate huge wide variety of employment possibilities.