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The Hindu
The Hindu
National
The Hindu Bureau

KICL bets big on footwear and leather space

Tamil Nadu

The Kothari Industrial Corporation Ltd. (KICL) is betting big in the footwear and leather space in Tamil Nadu and has lined up several plans for the next two years.

In August this year, KICL, along with Phoenix Accord Ltd., signed two deals with the Tamil Nadu government in the presence of Chief Minister M.K. Stalin. One was for a non-leather footwear manufacturing at an investment of ₹1,200 crore. The project will create jobs for 20,000 people. And the second one is for a footwear cluster (a plug-and-play infrastructure). And this particular project is worth ₹500 crore and will provide jobs to over 5,000 people.

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