Phoenix Kothari Footwear a JV between Kothari Industrial Corporation (KICL) & Taiwan’s Evervan Group, has announced a ₹5,000 crore investment to set up non-leather footwear factories in Eraiyur & Karur, Tamil Nadu.
🌟 Key Highlights:
✅ Massive Scale – Targeting 200 million pairs annually by 2027
✅ Job Creation – Over 50,000 employment opportunities
✅ Strategic Partnerships – MoU with Taiwan’s Shoetown on 26 Feb 2025
✅ 400-Acre Industrial Park – Supporting footwear & ancillary industries in South TN
✅ Additional Expansion – Drone academy in Madurai & industrial land repurposing in Telangana
This move, along with JR One Footwear’s ₹1,761 crore Crocs manufacturing investment, reinforces Tamil Nadu’s position as a global footwear hub.
💬 What impact do you see this having on India’s footwear industry and exports? Let’s discuss!
#PhoenixKothari #FootwearManufacturing #MakeInIndia #TamilNaduGrowth #EmploymentOpportunities #Manufacturing #IndustrialExpansion
