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Nike, Puma Manufacturer Invests in Growing India Footwear Market

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Hong Fu Industrial Group—a Taiwan-based footwear manufacturer whose clients include Nike, Puma, Converse and Vans—will invest 10 billion rupees, roughly $131 million, in building a new footwear unit in southern India. Tamil Nadu’s chief minister M. K. Stalin tweeted Thursday that the arrangement—Hong Fu signed a “memorandum of understanding”—will bring 20,000 jobs to the Indian…

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