# South Korean firm’s ₹245-cr unit to boost Annamayya district 2026-08-08T09:47:11+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet South Korea's Boyoung Company plans to set up a ₹245-crore footwear components manufacturing unit in Annamayya district, Andhra Pradesh. District Collector Nishant Kumar said the export-oriented plant will be built in three phases at the Tatiguntapalli Industrial Park in Valmikipuram mandal, with nearly 40 acres needed initially. The unit will produce shoelaces, webbings and other accessories for international brands, in collaboration with SKI Corp Group. Kumar said the administration will support land allotment and clearances. Company representatives expressed satisfaction with the park's infrastructure and highway connectivity, power and water access. ## Coverage - thehindu.com This story was synthesised by AI from the source linked above. Tags: Andhra Pradesh industry, Annamayya, Boyoung Company, footwear manufacturing, SKI Corp, South Korea investment Canonical: https://indianopinion.org/south-korean-firms-rs245-cr-unit-to-boost-annamayya-district/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/south-korean-firms-rs245-cr-unit-to-boost-annamayya-district/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/