Indian activewear brand TechnoSport plans to establish an activewear factory in Erode in joint venture with the Government of Tamil Nadu. TechnoSport has also signed an MoU with the government for the project.
Formalised during the Tamil Nadu Global Investors Meet, the agreement outlines TechnoSport’s commitment to manufacturing technical activewear fabrics under the ‘Special Scheme for Technical Textiles 2023’ at this facility.
Expected to start production by March 2024, the cutting-edge facility will specialise in technical textiles, harnessing technologies from Germany, Japan, Italy, and Taiwan. Boasting a daily capacity of 25 tonne, the mega factory will create more than 2000 jobs over the course of the next four years.
The factory will enhance Tamil Nadu’s economy by generating revenues and creating new employment opportunities. It will help the state achieve its vision of developing a trillion-dollar economy.
