A revolution is underway in India's trainer industry

A revolution is underway in India's trainer industry 51 minutes ago Share Save Priti Gupta Technology Reporter Share Save Getty Images India's trainer market is attractive for overseas firms It's likely that you have not heard of Taiwan's Hong Fu Industrial Group, but look down on a busy street and you may well see its products. Hong Fu is the world's second-biggest maker of trainers (sneakers) supplying shoes to Nike, Converse, Adidas, Puma and many others. It makes around 200 million pairs of sports shoes a year. So when it made a big investment in India's market, the footwear industry took note. Hong Fu is currently building a giant plant in Panapakkam, in the state of Tamil Nadu in south eastern India. When fully operation, sometime in the next three to five years, it will make 25 million pairs of shoes a year, employing as many as 25,000 workers. The project has Indian partners, including Aqeel Panaruna, the chairman of Florence Shoe Company: "The international market is satura ... Read full article.