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

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2021

US FTC votes to reverse course on repeal of fabric care labels

The US Federal Trade Commission (FTC) recently voted to retain the...

Pic: Shutterstock

Retail | On 4th Aug 2021

June retail turnover in Germany up by 4.2% over previous month

Retail sales in Germany rose much more than expected in June...

Pic: Kontoor Brands/Wrangler

Apparel/Garments | On 4th Aug 2021

US’ Kontoor aims for sustainable growth with diversity & inclusivity

Kontoor Brands, an American apparel company with denim brands like...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

Leave your Comments


July 2021

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


Advanced Search