Tamil Nadu signs MOU with Taiwan based Hong Fu group worth Rs 1,000 crore. The investment is likely to bring employment for 20,000 persons.

Tamil Nadu

Taiwan’s Hong Fu group to invest Rs 1,000 cr in TN for footwear factory

The government said the Hong Fu group, which makes sports shoe brands like Nike, Puma, Converse, Vans and others, has signed an MoU to set up a footwear manufacturing facility and is scouting for a place to locate its factory.

IANS

Published:7th Apr, 2022 at 9:45 PM

Taiwan's Hong Fu group plans to invest Rs 1,000 crore over a three to five year period to manufacture footwear in Tamil Nadu, the state government said on Thursday.

In a statement issued here, the government said the Hong Fu group, which makes sports shoe brands like Nike, Puma, Converse, Vans and others, has signed an MoU to set up a footwear manufacturing facility and is scouting for a place to locate its factory.

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Taiwan’s Hong Fu group to invest Rs 1,000 cr in TN for footwear factory

The government said the Hong Fu group, which makes sports shoe brands like Nike, Puma, Converse, Vans and others, has signed an MoU to set up a footwear manufacturing facility and is scouting for a place to locate its factory.

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