German footwear giant begins production in Agra(India) after leaving China

[mwaseem.trp]

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German footwear-maker Von Wellx which recently shifted its operations from China to India amid the pandemic is eyeing exports to around 80 countries and creating around 10,000 direct and indirect job opportunities in the country.


Earlier this month, the company started its manufacturing operations at two factories in Agra.

Casa EverzGmbh, the owner of the footwear maker, has tied up with India’s Iatric Industries Private Limited for Von Wellx Germany and other sub-brands.

The collaboration between the companies would be across technological transfer, research & development, marketing and production, it said.

Iatric industries will be the exclusive collaborator for the next 25 years for the German company in India for both production and sales. The products manufactured will be exported to all the 80 countries in which the German company products are already being sold.

The German company plans to set up multiple footwear factories and ancillary industry in India with footwear capacity of over 50 lakh pairs. The production of the company in India now begins at two manufacturing unit with production capacity of over
50 lakh pairs. The production of the company in India now begins at two manufacturing unit with production capacity of over 25 lakh pairs, located in the Export Promotion Industrial Park (EPIP) Shastripuram, Agra.

As per the company, all different types of footwear products will be manufactured using unique patented technologies across segments — men’s, women’s and kids’ categories — which were earlier imported from China.

The company will also setup a new factory at Yamuna Expressway Industrial Development Authority, Jewar in 10,000 square metre for which land has already been allotted and the foundation stone will be tentatively laid in December 2020.

Further, this collaboration will also set up footwear ancillary industry in Kosi-Kotwan Industrial Area which will help improve the availability of quality raw materials manufacturers thus replacing
imports and increasing exports, as per the company.
“With all three factories together, we are looking at direct and indirect employment generation of over 10,000 people,” a company statement said

Von Wellx Germany's India ops eye exports, employment generation - India Retailing

German footwear-maker Von Wellx which recently shifted its operations from China to India amid the pandemic is eyeing exports to around 80 countries and creating around 10,000 direct and indirect job opportunities in the country. Earlier this month, the company started its manufacturing...

www.indiaretailing.com

 

[Trailer23]

Excellent. Great News. Congratulations.

Hope the Germans know what they're getting themselves into.

I guess the contract was signed well before this incident took place.

 

[dreamer11]

World trust India Vaccine not China- virus

 

[-=virus=-]

Garments and shoes, very low tech, the west isn't interested, China is moving on to bigger things..

 

[fitpOsitive]

Excellent. Great News. Congratulations.

Hope the Germans know what they're getting themselves into.

I guess the contract was signed well before this incident took place.

Germans are good at legal matters. Don't worry.
The real issue is the same : mentality. And Germans will know it very soon.

 

[Trailer23]

World trust India Vaccine not China- virus

What Vaccine?!! You guys are the Epidemic Center of the World. If there were/was a Vaccine - you wouldn't be leading in numbers.

Don't speak of China in the same conversation. They are lightyears ahead of you clowns.

 

[dreamer11]

What Vaccine?!! You guys are the Epidemic Center of the World. If there were/was a Vaccine - you wouldn't be leading in numbers.

Don't speak of China in the same conversation. They are lightyears ahead of you clowns.

 

[TaiShang]

I would prefer Made in Vietnam footwear.


***

China holds course

However, China was bucking the trend, with FDI flows relatively stable at $76 billion in the first half of the year, while Hong Kong bounced back as an FDI destination after a weak 2019.

“Overall investment flows into China remain at a high level and this is partly because China was one of the very few countries, among the first, to control the pandemic and to resume its production system in the country.

“In the meantime the Chinese government put in place effective measures to retain investment, to service operations of the multinationals operating in the country, and also put in place new measures to attract investment”, Mr. Zhan said.

Most of the FDI heading to China went into high-tech industries. The value of Mergers and Acquisitions transactions into China, grew by 84 per cent, mostly in information services and e-commerce industries, while several multinational companies also expanded their investments into China, he added.

Global foreign direct investment halved amid pandemic, but China remained resilient

Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.

news.un.org

 

[baqai]

World trust India Vaccine not China- virus

bhai aap dreamer hi rahu hosh mai baat karna aap kai bus ki baat nahin hehe

 

[Gul_Khan_Peshawar]

Whaaaaaaaaat??? Gao mata leather in German feet? This is blasphemous!

 

[Trailer23]

Started rebuilding unit, commitment to India intact: Wistron

In its first official communication to the Centre, Wistron acknowledged the strong support it is receiving from the Indian government, officials aware of the developments told ET.

m.economictimes.com

Yes, until the next Burning Commitment.

These statements are made to cool the matter, but there is bigger picture behind the scenes. And it usually starts with, "Pull another stunt like this - and we're taking our business back to China".

Good luck to you lot.

Pay the wages first, then go about giving articles.

 

[Leishangthem]

German foot wear giant? more like Indian footwear nugu! , "Von WellxGermany" a startup founded by Indian Ashish Jain, who also founded the Iatric Industries Private Limited in Agra in 2016,the firm manufacturing the said brand's shoes .

Spoiler: x

I would prefer Made in Vietnam footwear.


***

China holds course

However, China was bucking the trend, with FDI flows relatively stable at $76 billion in the first half of the year, while Hong Kong bounced back as an FDI destination after a weak 2019.

“Overall investment flows into China remain at a high level and this is partly because China was one of the very few countries, among the first, to control the pandemic and to resume its production system in the country.

“In the meantime the Chinese government put in place effective measures to retain investment, to service operations of the multinationals operating in the country, and also put in place new measures to attract investment”, Mr. Zhan said.

Most of the FDI heading to China went into high-tech industries. The value of Mergers and Acquisitions transactions into China, grew by 84 per cent, mostly in information services and e-commerce industries, while several multinational companies also expanded their investments into China, he added.

Global foreign direct investment halved amid pandemic, but China remained resilient

Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.

news.un.org

So this Indian guy founded a fake german brand to produce under his own lactic industries Agra,but he and the media corroborated to mediaplay as if some massive german footwear brand relocated its manufacturing base from China to India.

Since nobody would endorse an Indian brand they had to resort to this type of scam.

 

[Han-Tang]

First try to feed your pussy pla soldiers. Lolz

China Buys First Indian Rice In Decades Amid Scarce Supply | Hellenic Shipping News Worldwide

www.hellenicshippingnews.com

You people are suffering from hallucinations. Lolz talking about high tech investment

Another famine coming? China struggles to meet basic food demands

Flooding, insect infestations and swine flu have diminished domestic production, and hostilities abroad may hinder imports of food.

thehill.com

Because the quality of Indian rice is not so good，we bought it as fodder and for making wine. And the only reason we bought it is CHEAP. Compared to Thailand, Vietnam, and other countries, the price of Indian rice is $30 per ton lower.
Don't be fooled by your media，lol

 

[PAKISTANFOREVER]

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German footwear-maker Von Wellx which recently shifted its operations from China to India amid the pandemic is eyeing exports to around 80 countries and creating around 10,000 direct and indirect job opportunities in the country.


Earlier this month, the company started its manufacturing operations at two factories in Agra.

Casa EverzGmbh, the owner of the footwear maker, has tied up with India’s Iatric Industries Private Limited for Von Wellx Germany and other sub-brands.

The collaboration between the companies would be across technological transfer, research & development, marketing and production, it said.

Iatric industries will be the exclusive collaborator for the next 25 years for the German company in India for both production and sales. The products manufactured will be exported to all the 80 countries in which the German company products are already being sold.

The German company plans to set up multiple footwear factories and ancillary industry in India with footwear capacity of over 50 lakh pairs. The production of the company in India now begins at two manufacturing unit with production capacity of over
50 lakh pairs. The production of the company in India now begins at two manufacturing unit with production capacity of over 25 lakh pairs, located in the Export Promotion Industrial Park (EPIP) Shastripuram, Agra.

As per the company, all different types of footwear products will be manufactured using unique patented technologies across segments — men’s, women’s and kids’ categories — which were earlier imported from China.

The company will also setup a new factory at Yamuna Expressway Industrial Development Authority, Jewar in 10,000 square metre for which land has already been allotted and the foundation stone will be tentatively laid in December 2020.

Further, this collaboration will also set up footwear ancillary industry in Kosi-Kotwan Industrial Area which will help improve the availability of quality raw materials manufacturers thus replacing
imports and increasing exports, as per the company.
“With all three factories together, we are looking at direct and indirect employment generation of over 10,000 people,” a company statement said

Von Wellx Germany's India ops eye exports, employment generation - India Retailing

German footwear-maker Von Wellx which recently shifted its operations from China to India amid the pandemic is eyeing exports to around 80 countries and creating around 10,000 direct and indirect job opportunities in the country. Earlier this month, the company started its manufacturing...

www.indiaretailing.com

This is a defining moment. india will now become a superpower because they will be making German shoes.

 

[TaiShang]

German foot wear giant? more like Indian footwear nugu! , "Von WellxGermany" a startup founded by Indian Ashish Jain, who also founded the Iatric Industries Private Limited in Agra in 2016,the firm manufacturing the said brand's shoes .
So this Indian guy founded a fake german brand to produce under his own lactic industries Agra,but he and the media corroborated to mediaplay as if some massive german footwear brand relocated its manufacturing base from China to India.

Since nobody would endorse an Indian brand they had to resort to this type of scam.

Well, that is brutal.

Indian media is as valuable as used tissue to learn from.

Other 'investment news' by the same OP should be just as 'valuable.'

Real life is different.

Note: From second half of 2020, CN's FDI inflow entered y-o-y positive territory.