JR One Footwear to set up two more factories in TN

JR One Footwear Pvt Ltd, a joint venture between Phoenix Kothari Footwear Ltd and Taiwan's ShoeTown Group, announced plans for two new manufacturing facilities in Tamil Nadu. This follows their Rs 5,000 crore investment in Perambalur, which has created 1,700 jobs. The expansion aims to introduce new brands and reduce dependency on imported leather components.