Home / Knowledge / News / Apparel/Garments / Taiwan footwear firm to invest $100 mn in Tamil Nadu: CLE

Taiwan footwear firm to invest $100 mn in Tamil Nadu: CLE

10
Feb '20
Pic: Shutterstock
Pic: Shutterstock
A Taiwanese footwear manufacturing firm is likely to invest up to $100 million for setting up a manufacturing facility in Tamil Nadu, according to the Council for Leather Exports (CLE), whose chairman P R Aqeel Ahmed recently said the unit would employ 25,000 to 50,000 people in the next two years. The company evinced interest following an invitation by CLE.

The state government would provide all support to the company so that it can start work at the earliest, he was quoted as saying by a news agency.

The central government's move to increase import duty on footwear will help the domestic industry and exporters in the leather sector, he said.

Ahmed had said a few days back that four new clusters with plug-and-play model factories for leather products manufacturing will be set up in Tamil Nadu. CLE expects a lot of foreign direct investment (FDI) to come to Tamil Nadu.

The leather sector's exports from India stand at around $6 billion, of which Europe accounts for about 70 per cent. The sector employs around 42 lakh people. 

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 29th Feb 2020

Nepal's pashmina sector gets European Union boost

A new project funded by the European Union to strengthen Nepal's path ...

Pic: Shutterstock

Apparel/Garments | On 29th Feb 2020

Coronavirus outbreak hits Thai garment industry

The coronavirus outbreak has been affecting the Thai apparel industry ...

Pic: Shutterstock

Retail | On 29th Feb 2020

Indian govt clarifies on sourcing of goods from SEZs

Goods procured from units in special economic zones (SEZs) by...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search