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Liberty to set up shoe manufacturing plant in Uttranchal

18
Jan '06
Leather footwear manufacturer Liberty Shoes Ltd informed that the company will invest Rs 20 crore for setting up new footwear manufacturing facilities at Uttranchal.

The Board of Directors (BOD) has approved the setting up of footwear manufacturing facilities at Uttranchal with capacity to manufacture 12 lakh pairs per annum.

The BOD has also approved the setting up of company's ancillary units for manufacturing of shoe components and shoe accessories and authorized the officials for exploring the possibility of restructuring of the company, in order to increase the shareholders wealth, it said.

The company will also avail the additional working capital limit sanctioned by the Corporation Bank, it added.

Leading Indian shoe company Liberty marketed across the globe through 150 distributors, 350 exclusive showrooms and over 6000 multi-brand outlets, and sold in thousands every day in more than 25 countries including fashion-driven, quality-obsessed nations like France, Italy, and Germany.

The Economic Times


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