Kothari Industrial Corporation’s Strategic Expansion
A Milestone for Tamil Nadu’s Industrial Growth Expanding Footprint in Tamil Nadu Kothari has committed to establishing two new manufacturing facilities and leather component clusters in Tamil Nadu, in addition to its existing operations in Perambalur. This initiative will further consolidate Kothari’s position as a leader in the Indian footwear market. The Perambalur facility, a ₹5,000 crore investment, currently produces the popular ‘Crocs’ range of footwear and has already generated around 1,700 jobs. These new expansions are expected to double down on this success, with a focus on producing additional international footwear brands. A Strategic Partnership with Global Impact Kothari’s collaboration with Shoe Town Group is a key factor driving this expansion. With Ron Chang, Chairman of Shoe Town Group, expressing confidence in this partnership, it is clear that this collaboration is poised for significant future growth. The relationship between Kothari and Shoe Town Group is not merely transactional but…
Kothari Industrial Corporation Sets Sights on Expansion
Under the leadership of J. Rafiq Ahmed, Kothari Industrial Corporation Ltd. (KICL) is undergoing a major transformation. Ahmed, who may soon control 73% of the company, has announced an ambitious ₹16,000 crore investment plan. This includes a 1.2 million tonne fertilizer plant in Qatar, partnerships with global footwear brands like Crocs and Fila, and establishing a drone training center in Madurai. Ahmed’s vision is to restore KICL’s legacy across multiple sectors, focusing on fertilizers, textiles, footwear, and food.Read the full article https://www.thehindu.com/news/cities/chennai/kothari-industrial-corpn-new-promoters-unveil-aggressive-plans/article67248644.ece (https://www.thehindu.com/business/kothari-industrial-corpn-new-promoters-unveil-aggressive-plans/article68568832.ece/amp/)