A subsidiary of the world’s largest maker of branded sports footwear Pou Chen will invest US$280.86M to set up a manufacturing facility in Tamil Nadu.
The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally, up nearly 14 per cent from a year earlier. It already has plants in Bangladesh, Cambodia, Myanmar, and Vietnam.
“We hope this would be the first of many investments to come (in India),” Pou Chen Vice President George Liu said in a meeting streamed online with Tamil Nadu Chief Minister M.K. Stalin.
The investment, which would create about 20,000 jobs in Tamil Nadu over a span of 12 years, would come nearly a year after Taiwanese peer Hong Fu Group signed a deal to invest 10 billion rupees to make footwear in the southern state.
