The world’s largest contract manufacturer of branded athletic and casual footwear Taiwan-based Pou Chen Corporation is planning to set up a new factory in Tamil Nadu. It can invest over Rs. 500 crore in this initiative. The company has registered a subsidiary High Glory Footwear India Private Limited.
Tamil Nadu already has leading Taiwanese shoe companies like Feng Tay and Hong Fu.
As per a report of Businessline, the shoe company is in advanced stages of finalising the location for the unit. “It will be a mega project for sports shoe manufacturing,” the source told.
Catering to global brands like Nike, Adidas, Puma etc., more than four-decades-old Pou Chen Corporation has its factories and retailing points in Taiwan, Indonesia, Vietnam China, the US and Mexico.
The company is looking for a 300-400 acre site to set up the factory and the Tamil Nadu Government has pitched in Tiruchii, Viluppuram and the port city of Thoothukudi as some of the possible locations.
Last year, the state launched its Footwear & Leather Products Policy 2022 with a vision to make the state a favoured destination for footwear and leather products manufactured in Asia.