₹245-crore South Korean footwear unit to boost industrial growth in Annamayya district, says Collector
District Collector Nishant Kumar said that a ₹245-crore export-oriented footwear components manufacturing unit proposed by South Korea-based Boyoung Company is set to boost industrial growth
District Collector Nishant Kumar said that a ₹245-crore export-oriented footwear components manufacturing unit proposed by South Korea-based Boyoung Company is set to boost industrial growth and employment opportunities in Annamayya district. Speaking to the media here on Wednesday, the Collector said that discussions with the company representatives looked encouraging.
“The district administration has assured them of full support in facilitating investments, including land allotment, statutory clearances and inter-departmental coordination,” he said. Earlier, the Collector joined the delegation to inspect the Tatiguntapalli Industrial Park in Valmikipuram mandal for the proposed project. The investment, being planned in collaboration with SKI Corp Group, will be implemented in three phases, he said.
The unit will manufacture shoelaces, webbings and other footwear accessories for supply to leading international brands. Company representatives informed the Collector that nearly 40 acres would be required in the initial phase, with provisions for future expansion. They expressed satisfaction with the industrial park’s infrastructure and its potential for large-scale industrial development.
Highlighting Annamayya district’s strategic location, Mr. Nishant Kumar said that the plant site has excellent highway connectivity, availability of a skilled workforce, access to power, water, and government incentives, which are key advantages for investors.
The BriefWire