Taiwan's Pou Chen Group to invest $280mn in India for footwear manufacturing
Taiwan's Pou Chen Group touted as the world's largest manufacturer of casual and athletic footwear for leading brands has signed a Memorandum of Understanding to invest in Tamil Nadu, India. According to the MoU exchanged between the Tamil Nadu Government and the Pou Chen group, the latter's group company, High Glory Footwear India Private Limited would invest Rs.2,302cr (approximately $280mn) over a period of 12 years and help generate 20,000jobs here.