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.