Summary:

Global footwear giants such as Nike, Adidas, and Reebok are looking to Tamil Nadu for manufacturing. India's dependency on imports has prompted more than six multinational suppliers to establish operations in the state as part of their "China Plus One" strategy. Kothari Industrial Corporation has partnered with the Tamil Nadu government to attract 19 raw material suppliers from Taiwan, Vietnam, China, and Portugal. This initiative has the potential to generate Rs 4,000 crore in investment and 50,000 new jobs.

Dean Shoes, a Taiwanese company, has laid the foundation for its production facility in Ariyalur, Tamil Nadu, with an investment of Rs 1,000 crore (US$ 119.47 million) and the potential to create 50,000 jobs. Other global firms, such as Pou Chen and Hong Fu, are also setting up operations in the state. Tamil Nadu's favorable policy and market share position it as a prominent player in India's growing footwear industry, which is expected to reach $90 billion by 2030.

Source: IBEF

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