CHENNAI:
Kothari Industrial Corporation is seeking to accelerate its expansion in Tamil Nadu with interest from Qatar’s Al Thani family, as the group diversifies beyond footwear into design education, fertilisers, drones, food and consumer goods.
At its 56th annual general meeting in Chennai on Wednesday, executive chairman Jinnah Rafiq Ahmed said Sheikh Jassamal Al Thani had expressed interest in supporting KICL’s next phase of growth. The company did not disclose the size or structure of any proposed investment.
Tamil Nadu is at the centre of its expansion. KICL is developing a 225-acre project in Madurai and evaluating opportunities in Ramanathapuram. Its footwear operations include Phoenix Kothari Park at Padalur and an Adidas facility in Karur. The company is also partnering with Italy’s IUAD to establish a design school in Hosur, with short-term programmes expected from November and degree courses from April 2027.
KICL is reviving its fertiliser business, expanding drones into manufacturing and entering FMCG, a release stated.
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