Archive · 23 Aug 2025
South Korea's Hwaseung to Build Footwear Plant in Tamil Nadu
A South Korean company called Hwaseung Footwear Group is building its first-ever footwear factory in Tamil Nadu, India.
They will invest a lot of money, about Rs 1,720 crore, in a factory in Tuticorin.
This factory will make shoes and will provide jobs for 20,000 people.
The Tamil Nadu government is supporting this project and others like it, aiming to bring more jobs to the state.
The government has signed agreements with several companies to bring in investments and create job opportunities.
Hwaseung Footwear Group will establish a non-leather footwear manufacturing unit in Tamil Nadu.
The project, located in Tuticorin, involves an investment of Rs 1,720 crore.
The factory is expected to create 20,000 direct jobs in the region.
Tamil Nadu government signed 41 MoUs with various companies during the TN Rising Investors Conclave.
Approximately 77% of MoUs signed since 2021 have been realized into projects.
- Who
- Hwaseung Footwear Group and the Tamil Nadu government.
- What
- Hwaseung Footwear Group is establishing a non-leather footwear manufacturing unit.
- When
- The announcement was made recently, with the factory planned in the near future.
- Where
- Tuticorin, Tamil Nadu, India.
- Why
- To generate employment and boost economic growth in Tamil Nadu.
- Company
- Hwaseung Footwear Group
- Investment
- Rs 1,720 crore
- Location
- Tuticorin, Tamil Nadu
- Jobs Created
- 20,000 direct jobs
- Government Initiative
- TN Rising Investors Conclave
- MoUs Signed
- 41
- MoU Realization Rate
- Approximately 77% since 2021