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Foundation stone laid for footwear manufacturing facility in Andhra Pradesh

Tuesday, 29 Dec 2020
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Andhra Pradesh Chief Minister YS Jagan Mohan Reddy laid the foundation stone for a footwear manufacturing facility by Intelligent SEZ Development at the Industrial Development Park in YSR district. 
The project will entail an investment of Rs 70 crore. 
Intelligent SEZ Development is establishing the unit with a capacity to make 2.4 million pairs of footwear per annum. The unit has potential to generate over 2,000 job opportunities. 
The factory will be in addition to the proposed Rs 700 crore facility in Inagaluru village, Srikaalahasti mandal in Chittoor district, which will employ about 10,000 people. It will have a production capacity of 24 million pairs per annum. 
Intelligent SEZ is an exclusive supplier to global footwear brand Adidas. It has presence in various locations along with its associate partner Apache Investment in India, Vietnam, Thailand and China. 
The Apache SEZ Industrial Park in Tada, Nellore district employs 11,000 people directly and has an annual production of 18 million pairs.
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