Hong-Fu Moving Into India With Rs.1000 Crores Investment – Giving Major Job Opportunities for Women!!! The Taiwan Company – HONG FU has signed a Memorandum of Understanding (MOU) to launch a Business in Tamil Nadu. The Company to enter the South India with Huge Investment plan. It is expected that, this Major Business Step will bring Great Changes in Tamil Nadu.
The Taiwan Organization – Hong Fu was initially launched in the years of 2003. The Company used to manufacture the many leading Shoe Brands such as Nike, Puma, Vance, Hoga etc. Now the Company is to start the Business in Tamil Nadu with Massive Investment Amount.
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As per the source, this Investment may be leds to create Major Impact in the Foreign Direct Investment (FDI) Percentage. The FDI of Tamil Nadu may go upto 41.5%. The Investment to be made by the Foreign Companies is expected to give Large Amount of Employment Opportunity to the people of the state.
The New Expending to be made by the company is to given Job Opportunity to above 20,000 people – majorly to Women. As the Shoes Manufacturing Company is to launch New Business in TN, the people in the state are expecting that, the price of the Company’s Footwear Product may get Decreased. This Cash Inflow created by the company may bring various changes in the Growth and Development of TN state and the Country.
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