Home / Knowledge / News / Indian footwear exports to witness two-fold growth
Indian footwear exports to witness two-fold growth
04
May '10
As the global economy witnesses recovery from the financial meltdown, overseas sales of footwear is likely to be more than two-fold times amounting to US $3.37 billion (about Rs 148.28 million) within the next two years.

The Indian footwear industry, which is among the leading footwear industries of the world, following China, shows ten percent growth every year, informed B D Bhaiya, President of Indian Footwear Components Manufacturers Association.

Country's footwear exports in the year 2008-09 stood at US $1.53 billion. The footwear export of the country accounts for more than 40 percent of the total exports of leather and leather products; various, international brands such as Nike, Addidas and Reebok source footwear from the US $5 billion domestic industry.

With the increase in per capita consumption of footwear in the country to two pairs from just 0.5 pairs, a decade ago, the current footwear production of India has increased to about 2.06 billion pairs.

Bhaiya expects that, the country will soon attain the topmost position in global footwear market with its quality and price competitiveness, as a number of companies have already started sourcing goods from India. US and EU are the major export destinations of India.

Moreover, a number of foreign companies are setting up production base in the country. With the establishment of manufacturing plants of companies such as Formas Kunz of Brazil, Feng Tay Enterprises of Taiwan and Apache Footwear of China, in India, a 100 percent foreign direct investment has been allowed to flow into the country for the footwear sector.

On May 7, a three-day Footwear, Materials, Manufacturing and Technology Fair will be inaugurated in Greater Noida, by India's footwear industry to attract global footwear industry entrepreneurs.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 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