JR One Footwear to set up two more factories in TN
JR One Footwear Pvt Ltd, a joint venture company between Phoenix Kothari Footwear Ltd and Taiwan-based ShoeTown Group has plans to expand its presence in Tamil Nadu by setting up two more manufacturing facilities and leather component clusters in the state, a top official said on Tuesday. The company had already committed investments of about Rs 5,000 crore for setting up a factory in Perambalur to produce 'Crocs' range of footwear. Spread across 50 acre of land in the district, located about 250 km south of Chennai, the manufacturing unit currently has generated about 1,700 jobs (direct and indirect) in the region.
«We are expanding by entering two more districts (For setting up manufacturing facilities). We are bringing two more international footwear brands. We will announce the name of two districts soon, » Phoenix Kothari Footwear Ltd Chairman J Rafiq Ahmed said in an interaction here.
Globally, Shoetown Group is a leading manufacturer of footwear and the Kothari Group has ties only with Ron Chang, Chairman, Shoetown Group for manufacturing of footwear in India, he said responding to a query.
«I am happy to work together with our brother Rafeeq in Tamil Nadu. I think it is a growth partnership. We have created a huge value for our future business growth in Tamil Nadu.» Ron Chang said on his association with the Kothari Group.
Elaborating on their expansion plan, Ahmed said, «we are planning to bring in more global brands. Next year we will open factories in the two districts. It will produce new brands. We
