The world's largest shoe factory invests in India
With an annual production of 270 million pairs of sports and casual shoes, the Taiwanese group POU CHEN will invest US$ 280 million in a manufacturing plant in Tamil Nadu, southern India, where it plans to create 20,000 new jobs over 12 years. The resources and labor are allocated to the High Glory Footwear production unit, a subsidiary of the Taiwanese company, which manufactures for brands such as NIKE, ADIDAS, NEW BALANCE, and TIMBERLAND.
The establishment of the factory benefits from fiscal subsidies from the Indian government, which will also be responsible for infrastructure works, including road maintenance and construction, installation of telecommunication services, water, and electricity.
The decision of the Taiwanese group, which also has manufacturing plants in China, Vietnam, and Indonesia, confirms the trend of choosing India as the most competitive territory for shoe production. The same company laid off 6,000 workers at its factory in Vietnam due to a decline in purchase orders.
According to the Indian government, the Tamil Nadu region is one of the most important hubs in shoe manufacturing, with 45% of the country's total exports originating from there. There is also a cluster of material and component suppliers and industrial plants that produce for renowned international brands such as ARMANI and GUCCI, among others.
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