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Tamil Nadu Chief Minister MK Stalin presided over the virtual groundbreaking ceremony of Hong Fu Industrial Group’s manufacturing facility at SIPCOT Panapakkam, which is being established at a cost of ₹1,500 crore. | Photo Credit: @TRBRajaa
Tamil Nadu Chief Minister Stalin did a virtual groundbreaking for the ₹1,500 crore Taiwan’s Hong Fu Industrial Group non-leather footwear manufacturing unit. The unit at SIPCOT Panapakkam Industrial Park in Ranipet District will employ 25,000 people.
In November 2022, the company signed an MoU with the State government for the project, and around 200 acres of land was allotted.
According to a government press release, Hong Fu, which designs, develops, manufactures, and sells sports shoes, is the world’s second-largest manufacturer of non-leather footwear and one of the leading manufacturers of sports shoe brands such as Nike and Puma.
In a social media post, State Industries Minister TRB Rajaa said that it was yet another milestone for Tamil Nadu’s non-leather footwear sector. Yet another Tamil Nadu GIM 2024 MoU turns into jobs for the State.
Published on December 16, 2024
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