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Taiwan's Pou Chen to invest $281 mn to build Tamil Nadu footwear plant

18 Apr '23

1 min read

Tamil Nadu CM MK Stalin with representatives from Pou Chen and Tamil Nadu government. Pic: Guidance Tamil Nadu/Twitter

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High Glory Footwear India Pvt Ltd, a subsidiary of Taiwanese footwear firm Pou Chen, will invest around $281 million to set up a factory in India's Tamil Nadu state.
It has signed an MoU with the state government to set up a manufacturing plant at Ulundurpet Industrial Estate employing 20,000 over the next 12 years, state chief minister MK Stalin tweeted.

A subsidiary of Taiwanese footwear manufacturer Pou Chen will invest around $281 million to set up a manufacturing facility in India’s Tamil Nadu state. It will create over 20,000 jobs in the region over the next 12 years in the non-leather footwear sector.

“We hope this would be the first of many investments to come (in India),” Pou Chen vice president George Liu told Tamil Nadu chief minister MK Stalin when he recently met him in state capital Chennai.

High Glory Footwear India Pvt Ltd signed a memorandum of understanding with the state government to set up a manufacturing plant at Ulundurpet Industrial Estate employing 20,000 over the next 12 years, state chief minister MK Stalin tweeted.

Pou Chen, which makes shoes for brands like Nike, Adidas, Timberland and New Balance, manufactured and shipped more than 272 million pairs of shoes in fiscal 2021-22. It has plants in Bangladesh, Cambodia, Myanmar and Vietnam.

Another Taiwanese footwear manufacturer, the Hong Fu Group, signed a deal to invest ₹1,000 crore to set up a footwear unit in Tamil Nadu about a year ago.

Fibre2Fashion News Desk (DS)

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