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Hong Fu Industrial Group, recognized as the world's second-largest manufacturer of non-leather athletic footwear, has officially entered the Indian market with a significant investment of โน1,500 crore. The company broke ground on its new manufacturing facility located in Panapakkam, near Chennai, Tamil Nadu, during a ceremony attended by Chief Minister M.K. Stalin on December 16, 2024. โ Investment and Location Total Investment: โน1,500 crore Location: SIPCOT Industrial Park, Panapakkam, Ranipet district, approximately 85 kilometers from Chennai. Area: The facility will span 200 acres. โ Employment Generation Job Creation: The project is expected to generate around 25,000 jobs. Workforce Composition: Notably, 85% of the workforce will be women, aligning with initiatives for inclusive employment.
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