Zhong Bu Development Singapore plans to set up an adhesive factory at the non-leather footwear component cluster at Perambalur in Tamil Nadu.

The Singapore-based firm has proposed to invest Rs 70 crore in the project, which is expected to create job opportunities for around 200 people. For this, the company has already set up an Indian subsidiary to implement the project.

The project work is set to start after Tamil Nadu Chief Minister MK Stalin lays the foundation stone at the upcoming Tamil Nadu Global Investor Meet. A non-leather footwear component cluster is coming up inside the footwear park at Perambalur in Tamil Nadu. The Perambalur non-footwear component cluster is expected to house 30 factories.

Zhong Bu is engaged in producing and selling high-quality adhesives and related products for the footwear industry. The company has production plants in China, Vietnam and Indonesia, with research and development (R&D) facilities and technical service capabilities. It has patented technology and has technical cooperation with multinational manufacturers in the industry.