An MoU worth ₹2,302 crore was signed between Taiwan-based High Glory Footwear India Private Limited to arrange a non-leather footwear manufacturing unit on the SIPCOT Industrial Park, Ulundurpettai, in Kallakurichi district, within the presence of Tamil Nadu Chief Minister M.Ok. Stalin at Chennai on April 17, 2023. Photo: Special Arrangement
High Glory Footwear India Private Limited, a subsidiary of Taiwan-based Pou Chen Corporation on Monday, April 17, 2023 signed an MoU worth ₹2,302 crore with the Government of Tamil Nadu to arrange a non-leather footwear manufacturing unit on the SIPCOT Industrial Park, Ulundurpettai, in Kallakurichi district.
The MoU was signed at Chennai within the presence of Tamil Nadu Chief Minister M.Ok. Stalin, Minister for Industries, Investment Promotion, and Commerce Thangam Thennarasu, Chief Secretary V. Irai Anbu, S. Krishnan Additional Chief Secretary, Department of Industries, Investment Promotion, and Commerce, Vishnu Venugopalan MD and CEO, Guidance, George Liu, Vice President, Pou Chen Group; Alvin Hu, Vice President, Pou Chen Group; Lynch Lin, Project Office Director and different key authorities officers.
According to particulars offered by Guidance, the nodal company instrumental in bringing in investments into Tamil Nadu, this MoU is anticipated to generate jobs for over 20,000 individuals within the non-leather footwear sector within the state over a span of 12 years, particularly for youth and girls, in and round Kallakurichi.
The leather-based, leather-based items and leather-based footwear business in Tamil Nadu has been a major contributor to the State’s economic system for many years. The state has a protracted historical past of manufacturing high-quality leather-based footwear and is thought for its expert workforce and beneficial enterprise atmosphere the place the leather-based business thrives.
With partially comparable manufacturing operations, and comparable talent units required of the workforce, the business has been capable of simply adapt its current operational capacities in leather-based footwear manufacturing to non-leather footwear manufacturing at minimal prices of transition.
Over the years, there has additionally been a smaller however vital non-leather footwear business in Tamil Nadu primarily pushed by small and medium-sized enterprises (SMEs). The State has been residence to a number of main non-leather footwear manufacturing clusters, together with Ambur, Vaniyambadi, Ranipet, and Cheyyar.
“Following the State’s success in the leather footwear and goods industry, major players in the sector in Tamil Nadu witnessed the emergence of the global non-leather footwear industry and put their expertise and resources in traditional leather footwear and goods manufacturing to use in replicating the same success in the non-leather footwear segment,” the Guidance stated.
Last 12 months the Chief Minister M.Ok. Stalin, launched the ‘Tamil Nadu Leather and Footwear Products Policy 2022’. The coverage goals to draw almost ₹20,000 crore in investments within the sector, a serious share of which is anticipated to be within the non-leather sector, and can ultimately end in employment alternatives for as much as 2 lakh individuals within the State by 2025.
