Tamil Nadu Chief Minister M K Stalin announced that the state intends to establish a footwear manufacturing park on a 250-acre plot of land at a cost of Rs 400 crore.

At a gathering, he stated that the industrial project would create 20,000 new jobs in the Ranipet neighborhood.

Stalin made those comments after virtually inaugurating a footwear manufacturing facility set up at an investment of Rs 400 crore by JR One Footwear Pvt Ltd at Eraiyur in Perambalur district, about 250-km south of Chennai.

Observing that the government has implemented several projects in the leather and footwear industries during the last two years, he said following the release of a footwear and leather products policy in 2022 there have been developmental changes in these sectors.

"By witnessing such growth, it gives me the confidence to say that the day is not far in achieving the USD 1 trillion economy by 2030. Tamil Nadu should further strengthen its position in the leather and footwear sectors," he added.