Taiwan's Pou Chen Group touted as the world's largest manufacturer of casual and athletic footwear for leading brands has signed a Memorandum of Understanding to invest in Tamil Nadu, India. According to the MoU exchanged between the Tamil Nadu Government and the Pou Chen group, the latter's group company, High Glory Footwear India Private Limited would invest Rs.2,302cr (approximately $280mn) over a period of 12 years and help generate 20,000jobs here.
A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest Rs 2,302 crore to set up a manufacturing facility in Tamil Nadu, the Indian state government said on Monday. The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally,
CHENNAI (Reuters): A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees (US$280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said on Monday (April 17).