The recently announced move into India by Yue Yuen is the latest tailwind for the country’s burgeoning athletic footwear industry as it ramps up both as a sourcing destination and from its own domestic demand. YY’s locally established Indian subsidiary, High Glory Footwear India Pvt Ltd, inked a memorandum of understanding with the Tamil Nadu government to invest about 23 billion Rupees ($276 mm) in a new production facility there. Officials from High Glory said the investment will take place over 12 years, setting a major non-leather footwear manufacturing unit on ... Log in to view full article.