Hwaseung to invest ₹898 crore in non-leather footwear plant at Kuppam in Andhra Pradesh

Key Points

1. Hwaseung Footwear to invest ₹898 crore in Andhra Pradesh.
2. The manufacturing facility will be located in Kuppam, Chittoor district.
3. The project is expected to generate 17,645 direct jobs.
4. The investment will be implemented in three phases.
5. The State government is providing a 30% investment subsidy (capped at ₹299 crore).
6. The project is a greenfield project on a 100-acre industrial campus.
7. Hwaseung Footwear is a major OEM supplier for Adidas.