📋 Tender Overview
Scope : To Set up Non-Leather Footwear Manufacturing Unit in Tamil Nadu.
The Taiwan-based Hong Fu Group has decided to set up a non-leather footwear unit in Tamil Nadu at an investment of Rs 1,000 crore.
As per reports, the Tamil Nadu government has allotted 130 acres to the Taiwanese shoemaker to set up its unit at the Panapakkam SIPCOT in the state’s Ranipet district.
The Footwear manufacturer had inked an agreement with the state government in this regard in April last year. The proposed plant is expected to create 20,000 jobs.
An investments to the tune of Rs 1,000 crore by Hong Fu would be made in phases over the next 3-5 years and the unit would also boost footwear exports from the state.
