Trichy: South Korean athletic footwear manufacturer TKG Taekwang India has secured approval to invest Rs 514.7 crore in the first phase of a footwear production project at the Navalpattu Special Economic Zone (SEZ) near Trichy. The Unit Approval Committee of the Madras Export Processing Zone (MEPZ), a Special Economic Zone under the Union Ministry of Commerce, issued the approval. MEPZ, in collaboration with the Electronics Corporation of Tamil Nadu (Elcot), has identified around 68.8 acres at the Navalpattu SEZ, close to Trichy airport, for the venture.
Employment and Production Targets
The export-oriented non-leather footwear facility is expected to generate employment for approximately 13,364 individuals at full capacity. “We have asked the manufacturer to commence footwear production within three years. The letter of approval was sanctioned within a record period of seven working days. This is a major investment for a tier-II city like Trichy,” said Alex Paul Menon, Development Commissioner, MEPZ SEZ, Chennai.
Land Allocation and Future Investment
Tamil Nadu government sources confirmed the investment and land allocation. The land will be leased to the company on a long-term basis, while the overall investment is anticipated to rise to Rs 1,379 crore in subsequent phases. Officials noted that Trichy was chosen due to its connectivity to national highways, facilitating the movement of raw materials and finished goods to export markets.
“Perambalur Sipcot Industrial Park has already emerged as a hub for non-leather footwear production. With this high-value investment in the footwear sector in Trichy and the revival of Navalpattu SEZ, the region’s export performance will improve significantly,” said N Manivannan, a member of Trichy Intra-City Development Endeavours (TIDES).
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About the Author
Deepak Karthik is Trichy-based journalist working as Assistant Editor for The Times of India, covering central and Cauvery delta districts in Tamil Nadu. He writes on politics, transport, urban infrastructure, industries and technology. Deepak has completed his Bachelor of Technology (B.Tech) in Mechanical engineering from Sastra university and holds a Post Graduate Diploma in Journalism and Public Relations from Bharathidasan university.
