Tamilnadu government has allotted 130 acres to the Taiwanese footwear manufacturing company Hong Fu Industrial Group in the Ranipet district of the Special Economic Zone. One of the top shoe manufacturers in the world, the Taiwanese company Hong Fu Industrial Group, signed an agreement with the government of Tamil Nadu on April 7, 2022, to invest Rs 1,000 crore over the following three to five years in a production facility in the state. The Hong Fu group was subsequently given 125 acres from the Special Economic Zone (SEZ) and 5 acres for household use in Panappakkam, Ranipet district, by the state government. Minister for Industries Thangam Thennarasu handed over the allotment order of the land to TY Chang, Chairman – Hong Fu Industrial Group of Taiwan at the Secretariat.
|
Related Posts
JV signed to advance biofuels production capacity in India
Download PDF Report According to a BSE filing by Indian Oil, Praj Industries Limited (Praj) and Indian Oil Corporation Limited (IOCL) have signed a term sheet to increase India’s capacity for producing biofuels….
EV batteries materials manufacturer to increase India capacity from 200 TPA to 10,000
Download PDF Report By the end of 2025, Epsilon Advanced Materials, a domestic manufacturer of materials used in EV batteries, wants to raise its production capacity in the nation from the current 200…
HPCL Rajasthan Refinery receives Rs 9187 crore finance from Power Finance Corporation
Download PDF Report The HPCL Rajasthan Refinery Ltd. received financing in the amount of Rs 9,187 crore, according to the state-owned Power Finance Corporation (PFC). According to a business release, this is the…
Vizag refinery to operate at expanded capacity from early 2024
Download PDF Report After commissioning a few additional secondary units designed to upgrade fuels, Hindustan Petroleum Corp Ltd (HPCL), an Indian oil company, hopes to run its 15 million metric tonnes per year…
Top steel production company to double capacity in three years
Download PDF Report In the following three years, JSW Steel plans to almost quadruple its capacity to 50 million tonnes, according to chairman Sajjan Jindal. Speaking at an event hosted by the Bombay…
Tamil Nadu to get Rs 54,000 crore project including a refinery
Download PDF Report The Indian Oil Corporation Limited (IOCL), Chennai, has agreed to invest Rs 54,000 crore in a number of projects in Tamil Nadu over the coming years, including a 9 MMTPA…
NHAI inks deal with power producer for technical services assistance
Download PDF Report NHAI will receive technical assistance from the state-owned power generator THDCIL as per an agreement, the company announced. According to a release from the business, “THDC India Limited (THDCIL) has…
Land acquisition for third phase of Noida airport to commence from September-end
Download PDF Report The third phase of the currently under construction Noida International Airport in Jewar will begin land acquisition by the Yamuna Motorway Industrial Development Authority (YEIDA) by the end of September…
Ten compressed biogas plants to be established across the country
Download PDF Report Both Mukesh Ambani-led Reliance Industries (RIL) and Gautam Adani-led Adani Total Gas (ATGL) have announced intentions to build 10 compressed biogas (CBG) facilities apiece across India. These facilities will be…
Ports in Tamil Nadu, Gujarat to be developed as hydrogen hubs
Download PDF Report To accelerate the switch to green fuel, the VO Chidambaranar (VOC) Port in Tamil Nadu and the Deendayal Port in Gujarat are both slated to be developed as hydrogen hubs….