Chennai, Nov. 29 -- The Tamil Nadu Chief Minister M.K. Stalin on Monday laid down the foundation stone for the Phoenix Kothari Footwear Park at Perambalur district and inaugurated the industrial park at Eraiyur.
The inauguration of the 243.39-acre park of the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) followed an announcement in the 2022-23 budget session that new parks would be set up in Coimbatore, Perambalur, Madurai, Vellore and Tiruvallur districts.
As per reports, the state government also inked 10 memorandums of understanding with Phoenix Kothari Footwear and its affiliated companies. The project is set to attract an investment of Rs 740 crore and generate employment for 4,500 people.
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