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The Hindu
The Hindu
National
Special Correspondent

Chief Minister inks five MoUs worth ₹2,250 crore in leather and footwear sector

MK Stalin Perambalur Ranipet Tamil Nadu

Tamil Nadu Chief Minister M.K. Stalin on Tuesday signed five facilitation memoranda of understanding in the leather and footwear sector, entailing ₹2,250 crore in investment that can create jobs for over 37,450 persons. These projects are coming up in Perambalur and Ranipet districts.

The Kothari Industrial Corporation Limited and Phoenix Accord Limited together signed two deals. One is for a non-leather footwear manufacturing at an investment of ₹1,200 crore. The project will create jobs for 20,000 persons. And the second one is for a footwear cluster (a plug-and-play infrastructure). This project is worth ₹500 crore, and will provide jobs to over 5,000 persons.

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