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Last updated: 04 Aug, 2018  

Prabhu.9.thmb.jpg Footwear industry has huge potential for exports: Prabhu

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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 India’s 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 ₹ 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 India’s 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.

 
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Growth
Rajesh Tandon | Wed Aug 8 05:43:47 2018
Indian manufacturers lack in infrastructure and boost support from government for footwear manufacturing. We must study the rise of China in footwear manufacturing, in-spite they do not have much leather for footwear.


 
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