In an investment of ₹5,000
crore, creating employment opportunities for 50,000 people, a Memorandum of
Understanding (MoU) was signed in the presence of the Hon'ble Chief Minister of
Tamil Nadu, Thiru M.K. Stalin, for the establishment of non-leather footwear
manufacturing projects by Evervan Kothari Footwear Limited in Karur and
Perambalur districts. In the presence of the Hon'ble Chief Minister of Tamil
Nadu, Thiru. M.K. Stalin, today (26.02.2025), at the Secretariat, during an
event organized by the Department of Industries, Investment Promotion, and
Commerce, a Memorandum of Understanding (MoU) was signed between the Tamil Nadu
Industrial Guidance and Export Promotion Bureau, the investment promotion agency
of the Government of Tamil Nadu, and Evervan Kothari Footwear Limited, a
subsidiary of the Phoenix Kothari Group.
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| In an investment of ₹5,000 crore, creating employment opportunities for 50,000 people - Thiru. M.K. Stalin |
This agreement facilitates the
establishment of a non-leather footwear manufacturing project in Karur and
Perambalur districts, with an investment of ₹5,000 crore, generating employment
opportunities for 50,000 people. The Department of Industries, Investment
Promotion, and Commerce of the Government of Tamil Nadu continues to actively
implement various initiatives to attract large-scale investments, create
numerous job opportunities for Tamil Nadu's youth, especially women, enhance
their quality of life, and ensure widespread development across the state.
Accordingly, Evervan Kothari Footwear Limited, a subsidiary of the Phoenix
Kothari Group, has signed a Memorandum of Understanding (MoU) to establish a
non-leather footwear manufacturing project with an investment of ₹5,000 crore,
creating employment opportunities for 50,000 people. As these industries are
being set up in the industrially backward districts of Karur and Perambalur, a
significant number of job opportunities will be created for the youth,
especially women, in these districts and the surrounding regions. This
initiative will not only increase individual income levels but also contribute
to the overall economic development of the area. The event was graced by the
presence of Hon'ble Minister for Industries, Investment Promotion, and Commerce,
Dr. T.R.B. Rajaa, Chief Secretary, Thiru N. Muruganandam, IAS., Secretary of the
Department of Industries, Investment2 Promotion, and Commerce, Thiru V. Arun
Roy, IAS., Managing Director and Chief Executive Officer of Tamil Nadu
Industrial Guidance and Export Promotion Bureau, Dr. Tarez Ahmed, IAS., Chairman
of Evervan Shoetown. Group, Thiru Ran., Chairman and Managing Director of
Kothari Industrial Corporation Limited, Thiru Rafiq Ahmed, Executive Vice
Chairman, Thiru P. Karthikeyan, along with other senior government officials.
