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Insights

• India's Tamil Nadu state's Industrial Guidance and Export Promotion Bureau recently signed an MoU with Evervan Kothari Footwear Limited to set up non-leather footwear manufacturing projects in Karur and Perambalur districts with an investment of $572.17 million.
• The company is a subsidiary of the Phoenix Kothari Group.
• The project is expected to generate 50,000 jobs.

India’s Tamil Nadu state’s Industrial Guidance and Export Promotion Bureau recently signed a memorandum of understanding  (MoU) with Evervan Kothari Footwear Limited (EKFL) to set up non-leather footwear manufacturing projects in Karur and Perambalur districts with an investment of ₹50 billion ($572.17 million).

The company is a subsidiary of the Phoenix Kothari Group.

India's Tamil Nadu state's Industrial Guidance and Export Promotion Bureau recently signed an MoU with Evervan Kothari Footwear Limited to set up non-leather footwear manufacturing projects in Karur and Perambalur districts with an investment of $572.17 million. The company is a subsidiary of the Phoenix Kothari Group. The project is expected to generate 50,000 jobs.

State chief minister M K Stalin was present at the signing ceremony, a release from the state’s department of information and public relations said.

The project is expected to generate 50,000 jobs.

SBS Zipper News Desk (DS)

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