Industry calculations are changing amidst lockdown, as a result, German Footwear Brand Von Wellx has decided to Shift Production Base from China, to Create Over 10,000 Jobs in UP. The announcement came days after Prime Minister Narendra Modi held meetings to attract foreign firms.
Welcoming the move, State Minister for Micro, Small and Medium Enterprises (MSMEs) Uday Bahan Singh stated “We are very happy to see that investment from Casa Everz Gmbh, which will be giving employment to so many people, is coming to India from China and especially to Uttar Pradesh,” he said.
Minister of Road and Transport, Nitin Gadkari, said that as the world is looking away from China, it is a blessing in disguise for India. “This is the time for India to get into joint ventures with foreign companies,” he added.
Looking forward for many more collaborations as such. Stay Tuned.