Pic: Von Wellx
German footwear firm Von Wellx, which earlier operated from China, inaugurated two footwear units in Agra recently in in partnership with the Latric Industries Group. The company aims to produce around five million pair of shoes annually in these units and invest around ₹300 crore in phases in three projects in the state, generating around 10,000 jobs.
The units at the Export Promotion Industrial Park (EPIP) in Agra have generated employment for around 2,000 and have an annual production capacity of 2.5 million pair of shoes, according to media reports from Uttar Pradesh.
Latric Industries Group chief executive officer Ashish Jain said his company would be the exclusive collaborator for technology transfer, research, development, marketing and production.
A third factory is expected to be set up soon near Jewar, while another unit is proposed at Kosi-Kotwan, Mathura by Von Wellx.
Fibre2Fashion News Desk (DS)
German footwear firm Von Wellx, which earlier operated from China, inaugurated two footwear units in Agra recently in in partnership with the Latric Industries Group. The company aims to produce around five million pair of shoes annually in these units and invest around ₹300 crore in phases in three projects in the state, generating around 10,000 jobs.