A revolution is under way in India's trainer industry
Summary
Taiwan's Hong Fu Industrial Group, a company that makes sports shoes, is building a big factory in India. The factory, once finished, could make 25 million pairs of shoes every year and give jobs to about 25,000 people. India's government welcomes this, believing it can help improve the quality of shoes made in India.Key Facts
- Hong Fu Industrial Group makes about 200 million pairs of sports shoes every year.
- The company is currently building a factory in India, which will be ready in three to five years.
- When the factory is working at full speed, it will be able to make 25 million pairs of shoes each year.
- The new factory may have up to 25,000 workers.
- India's government hopes this will help to make better quality shoes in India.
- Most shoes sold in India have to follow new quality rules made by the Bureau of Indian Standards.
- A large part of India's shoe market is made up of small, local shoe makers.
- These local shoe makers can make cheaper shoes, which more people in India can afford.
- Some new Indian shoe companies are starting up to cater to India's growing number of people with more money to spend.
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