Pou Chen sports footwear to invest a whopping $281 million in Tamil Nadu
A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees ($280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said.
Pou Chen sports footwear to invest a whopping $281 million in Tamil Nadu
A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees ($280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said.
Pou Chen makes footwear for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally, up nearly 14% from a year earlier. It already has plants in Bangladesh, Cambodia, Myanmar, and Vietnam.
It is reported that the investment would create about 20,000 jobs in Tamil Nadu over a span of 12 years, would come nearly a year after Taiwanese peer Hong Fu Group signed a deal to invest 10 billion rupees to make footwear in the southern state.
According to government a agency report, Tamil Nadu made 45% of India's footwear exports over the last five years with many brands, including Giorgio Armani and Gucci, making their products or sourcing raw materials from the state.
