Mauritius-based Foresight Smart Ventures has signed an agreement with Italy-based footwear manufacturer Fly Flot for setting up a greenfield plant in Tamil Nadu. The joint venture partners plan to invest euro 2 million (around Rs 130 crore). In the first phase, the proposed plant will have a production capacity of one million pairs.
Pavers Foresight Smart Ventures, a joint venture between the Foresight group and England’s footwear retailer Pavers, recently announced its plan for setting up a footwear design development studio at Ambur in the state at an outlay of around $5 million. The company is planning to bring in three more international brands by 2009 to cater to the growing demand.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app