INDIA: New Footwear Park Could Double Leather Exports
A new footwear park being planned near Chennai could help double India's annual leather exports to $4 billion by 2010.
The 25 acre, Rs100 million complex, which will be ready in two years, has already attracted interest from at least five international and six Indian companies.
Even though India is the world's second largest footwear producer, its global share is less than 2 per cent.
M Rafeeque Ahmed, chairperson of the Council of Leather Exports, said exports would surge because of the removal of several trade restrictions and the fact that 100 per cent foreign direct investment was now allowed.
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- $1.7bn package to boost Pakistan clothing exports
- British Brexit plans prioritise tariff-free trade
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- Better compliance "crucial" for Bangladesh growth
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022