A Memorandum of Understanding (MoU) was signed between the Tamil Nadu government and footwear major Hong Fu of Taiwan in the presence of Chief Minister M.K. Stalin on Thursday, for making an investment to the tune of ₹1,000 crore in the State.
The proposed investment, over a period of three to five years, is expected to provide employment to over 20,000 people and likely to provide a fillip to manufacture and exports of footwear from Tamil Nadu, an official release said.
