KICL targets 10 mn-pair capacity next year with Qatar backing

Chennai-based Kothari Industrial Corporation Ltd (KICL) is targeting footwear capacity of 10 million pairs next year, backed by investment from a Qatar royal family member. The company, revived under vice-chairman and MD J Rafiq Ahmed, makes footwear through its Phoenix Kothari Footwear venture and has earlier outlined large expansion plans in footwear and an industrial park in Tamil Nadu, besides exploring a fertiliser project in Qatar.
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