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Agra footwear industry attracts foreign importers for a tie-up
07
Jun '08
Demand for Agra footwear in the international market is on the rise and this has lured foreign importers and component manufacturers to the country, who find the possibility of tying up with this Rs15,000 million export market a lucrative proposition.

Sources from Agra Footwear Exporters and Manufacturers Chamber (AFMEC) told Fibre2fashion, “A delegation of the Brazilian Export and Investment Promotion Agency (Apex-Brazil), had come to the city from May 19 to 22. They gave presentation on 'Summer Fashion 2009', in which they displayed their footwear products of various colors and texture. They also visited around 15 factories to see their set up & possibility of business deal. They also expressed keen interest in having a MOU signed with Indian companies.”

AFMEC members were also introduced with the forthcoming trends in international footwear fashions in 2010.

Some of the major components imported by Agra footwear manufacturers accounts for a huge chunk of the total cost of production. Keeping this in mind, producers have always looked forward for a cut in their expenses on these components without however, compromising on the quality of the products.

Components like soles and lining displayed by the Brazilian delegates were quite acceptable both in terms of price and quality. Therefore, some of the associated companies of AFMEC have expressed interest in doing business with Brazilian counterparts.

A closer study it has revealed that had it not been for lack of domestically produced quality components, leather footwear industry of Agra could export goods worth Rs100 billion. The Indian Government therefore needs to develop infrastructures in order to promote this potential sector of the country.

Fibre2fashion News Desk - India


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