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The recently concluded Global Investors Meet in Tamil Nadu has illustrated how companies are shifting their focus from China to Chennai in a key sector like non-leather footwear manufacturing, as companies are aggressively pushing for a “China Plus One” strategy to diversify production and bolster supply chains.
Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up units in Tamil Nadu or are close to sealing a deal in the state. On Tuesday, Long Yin Investment, TKG Taekwang, and Hong Fu Industrial Group signed deals with the Tamil Nadu government to set up non-leather footwear
