INDIA: Footwear Officials Call For Technology Fund
Officials from India's footwear component industry have called upon the government to set up a modernisation fund to improve the technological facilities within the industry. Mani Almal, president of the Indian Footwear Components Manufacturers' Association (IFCOMA), told PTI that: "For the industry to face international competition and gain confidence, a technology modernisation fund of 1bn rupees ($21.3m) should be created".
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