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Footwear exporters change course to stay afloat
09
May '09
As much as the garment sector contributes to the export revenues of the country, the footwear sector also does its bit for generating exports from the sector and for the purpose has set an ambitious target of US $5.1 billion in 2009.

But industry experts are skeptical of the industry completing those targets looking at the export figures toted up in the first four months of 2009. Shipments from the sector added up to just $1.3 billion, down 10 percent when compared with the same period in 2009.

The footwear industry now considers this the best time to make the necessary adjustments to survive through the crisis as well as plan for growth for the next few years. They now want to develop their own designs instead of acting as just third party manufacturers.

The footwear industry has chalked out ambitious plans to develop their own products and do their own sales in overseas markets. Experts have suggested them to spruce up their production lines in order to meet the quality and competitiveness to stay afloat in the markets.

These footwear exporters are also on the lookout for new export markets in order to make up for the shortfall in shipments to their key markets. The footwear association is also helping out by organizing training courses for employees to scale up their skills.


Fibre2fashion News Desk - India


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