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Article Date: April 2023
Word Count: 572

Footwear Manufacturing Giants Eye Expansion in India

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.


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