The Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Evervan Kothari Footwear Limited to establish non-leather footwear manufacturing projects in Karur and Perambalur districts with an investment of ₹5,000 crore.

The MoU between the Tamil Nadu Industrial Guidance and Export Promotion Bureau and Evervan Kothari Footwear Limited, a subsidiary of the Phoenix Kothari Group, expected to provide employment to over 50,000 people, was signed in the presence of Chief Minister M.K. Stalin in the Secretariat in Chennai on Wednesday (February 26, 2025).

“As these industries are being set up in the industrially backward districts of Karur and Perambalur, a significant number of job opportunities will be created for the youth, especially women, in these districts and surrounding regions,” an official release stated.

The initiative would not only increase individual income levels but also contribute to the overall economic development of the area, it added. Industries Minister T.R.B. Rajaa, Chief Secretary N. Muruganandam, and senior officials were present on the occasion.