German footwear maker to relocate from China to...

German footwear maker to relocate from China to India

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German footwear maker to relocate from China to India

German footwear maker to relocate from China to India

Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company’s licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.

https://news.rediff.com/commentary/2020/may/19/...

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German Footwear Brand Von Wellx to Shift Production Base from China, to Create Over 10,000 Jobs in UP

https://www.news18.com/news/business/german-foo...

9 Comments  |  
6 Dimers
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Deal Subedar
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ok sir

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Deal Subedar
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It is Indian company only using fake address to convince buyers that they are buying imported products..i.e., they had registered themselves in Germany on a letterbox address. They have stores in India and Saudi Arabia only

They are probably doing these promotions to get loans from government and then those loans will be successfully converted into NPA’s, which seems to be the modus operandi of BJP who have degrees in “entire political science and entire economic science”

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Deal Subedar
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micke wrote:

It is Indian company only using fake address to convince buyers that they are buying imported products..i.e., they had registered themselves in Germany on a letterbox address. They have stores in India and Saudi Arabia only

They are probably doing these promotions to get loans from government and then those loans will be successfully converted into NPA’s, which seems to be the modus operandi of BJP who have degrees in “entire political science and entire economic science”

why BJP for footwear toungueout

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micke wrote:

It is Indian company only using fake address to convince buyers that they are buying imported products..i.e., they had registered themselves in Germany on a letterbox address. They have stores in India and Saudi Arabia only

They are probably doing these promotions to get loans from government and then those loans will be successfully converted into NPA’s, which seems to be the modus operandi of BJP who have degrees in “entire political science and entire economic science”

flushed ooodi baabba….
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indianboy wrote:

why BJP for footwear toungueout

they will print their masters photo on the footwear and distribute to migrants

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Deal Cadet
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never heard the name, nothing on wiki aswell pensive

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Deal Cadet
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Whichever company shifts their manufacturing unit from China to India, 99% of them will go BJP ruled states. More than 1000 companies already approached India & 50% will go to UP.  Few years later bhakts will say that knucklehead CM developed UP & media will sell the story UP model for Lokshabha elections confounded

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Deal Cadet
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Jerry_The_Dimer wrote:

Whichever company shifts their manufacturing unit from China to India, 99% of them will go BJP ruled states.

Atleast they will not come to Maharashtra, here you have have labour unions ready to welcome you and make your life tough….. Plus professional tax, which is not in other Major states, plus highest electricity rates, plus gods know what all

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myfungang829 wrote:

Atleast they will not come to Maharashtra, here you have have labour unions ready to welcome you and make your life tough….. Plus professional tax, which is not in other Major states, plus highest electricity rates, plus gods know what all

COVID-19: Maharashtra Announces 8% Cut In Electricity Tariff For 5 Years
While the industry has been given the highest benefits, farmers will have to contend with a 1 per cent reduction in electricity costs, according to an official statement.

https://www.ndtv.com/india-news/covid-19-mahara...

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