In view of the Covid-19 pandemic and its effects on the Indian economy, Prime Minister Narendra Modi’s government is in a way to attract foreign companies from china to revive the Indian economy.
On May 17th, 2020 the officials announced that the famous German Footwear Brand “Von Wellx” owned by “Casa Everz Gmbh” has decided to move its production unit from china to Agra in Uttar Pradesh in collaboration with “Latric Industries private limited”, a company based from Uttar Pradesh.
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It produces the most healthy orthopedic footwear by using the latest “Reflexology technology” for both men and women. This brand is sold in more than 80 countries and with more than 100 million customers throughout the world. This brand was launched in India in 2019 and is available for sale in over 500 major retail and online shops.
Mr. Ashish, CEO of Latric Industries said that the establishment of this company in India can create over 10,000 jobs directly and indirectly in Uttar Pradesh.