CHENNAI (Reuters): A subsidiary of the world's largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees (US$280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said on Monday (April 17).
The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally, up nearly 14% from a year earlier. It already has plants in Bangladesh, Cambodia, Myanmar, and Vietnam.
