SME Times News Bureau | 04 Jul, 2018
Indian footwear Industry has a huge potential for export and
employment generation, said Union Minister of Commerce & Industry and Civil
Aviation Suresh Prabhu recently.
Speaking at the inaugural programme of the 4th India
International Footwear Fair 2018 (IIFF) at Pragati Maidan in New Delhi, Prabhu
said India will soon become a global hub for manufacturing of footwear to cater
to growing demand.
The government of India is formulating a strategy for
greater coordination with States as well as trade bodies for global promotion
of Indiaâs footwear industry.
The Minister emphasized that the Indian footwear industry
has to look beyond the domestic market as India has potential to become a
global footwear manufacturing hub.
To realise this a special package of â¹ 2600
crore was approved by the Government for employment generation in leather and
footwear sectors last year. The package comprises of implementation of
central scheme: Indian Footwear, Leather & Accessories Development
Programme, he said.
Efforts are being made to boost Indiaâs leather and footwear
trade to new markets in African countries. This will help India to become
a part of global supply chain, he added.
The Minister assured that Government of India will extend
all possible support to the footwear industry.
Suresh Prabhu took a round of the fair and evinced keen
interest in a wide range of products including footwear, machinery, equipment,
technology, accessories, components and chemicals.