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.
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