Home / Knowledge / News / Agra footwear industry facing new challenges
Agra footwear industry facing new challenges
16
Apr '09
Arrival of footwear manufacturing units in the infrastructure-rich towns like Noida and Chandigarh as well as slowdown in export orders due to unavailability of credit facilities to the major footwear importers, are the new challenges for Agra footwear industry. This makes footwear units in the town to run at less than 50 percent of their production capacity.

Agra footwear industry is already facing a 30 percent decline in export orders due to financial meltdown. First quarter of 2009 has experienced a sharp decline in export orders. Though only a few number of footwear units have come up in Noida and Chandigarh, the business of small exporters of Agra is getting affected. So, there is a need to develop a supporting infrastructure for Agra footwear industry.

Big exporters of the town are looking for a substantial share in the economic package announced by the Centre for the leather industry, totaling to Rs. 1,300 crore. According to the experts, though Kanpur is known for utility footwear exports and Chennai has the largest share in men's footwear, the top position in exports of men's & women's fashion footwear rests with Agra.

Growth rate of Agra footwear industry was 27 percent for the past few years but this drop down in business would make it difficult to maintain that growth rate this year. According to experts, situation will change in the near future, as China faces import restrictions from several countries and cost of footwear manufacturing in the Eastern European Countries is going high.

Experts hope that in coming years, bulk buyers will turn to India and country's share in the world footwear trade will rise, at least to 7 percent from 4 percent.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search