German technologies to be used in YIEDA plants
As a part of its Rs.300 crore investment in India, Von Wellx Germany Group has laid the Foundation Stone of its New Footwear Plant Phase 2 at Jewar, Noida, an event attended by its partners from the US, Germany, Dubai, the Middle East, Africa, Malaysia, Sri Lanka, Indonesia, China and Japan joined amongst other countries at the Yamuna Expressway Industrial Development (YIEDA) site.
Ashish Jain, CEO, Von Wellx Germany Group India, said on 4 Oct at the event, “This is the first of its kind modern footwear plant being set up in India using German Technologies. The factory would be a vertically integrated unit with a production capacity of over 4 million pairs which will be exported to 80+ countries across the globe and would also be sold in the Indian market bseindia .
“This is a unique collaboration of a German and Indian Company that will help to bring together German Technology and Indian demographic dividend.The collaboration between the companies would be across technological transfer, research & development, marketing and production nseindia .”
Further, Jain also announced that the group will also set up a mega footwear ancillary industry also at YEIDA for making outsoles, insoles, interlinings and other non-leather raw materials will also be produced deutsche-boerse . This will help improve the availability of quality raw materials, thus replacing imports and increasing exports. With all these factories together, we are looking at direct and indirect employment of 10,000 people sbi .
The foundation stone was laid on 4 Oct at the 10,000 sqm with a covered area of 130,000 sq ft site in Sector 29, YEIDA, Jewar makeinindia .
Von Wellx Germany group under the collaboration of Casa Everz Germany and Iatric Group India currently produces over 2.5 million pairs from two facilities at the Export Promotion Industrial Park (EPIP) Shastripuram, Agra conexpoconagg . Fiinews.com
