Phoenix Kothari Group to invest in Tamil Nadu

The Phoenix Kothari Group has announced plans to invest 1,000 crore rupees to establish a non-leather footwear manufacturing facility in the Ramanathapuram district. The project is expected to generate employment opportunities for 10,000 people.

Additionally, the group will invest 50 crore rupees to set up a design institute in Hosur. A memorandum of understanding regarding these investments is scheduled to be signed tomorrow.