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Footwear major Bata India Ltd on Thursday announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business, Bata India Ltd said in a regulatory filing. He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets, it added. Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia and China, the company said. He has also served as Country Director for Guess in France and holds an MBA from INSEAD, it added., "Sanjay brings deep retail and consumer experien
The government has provided one more year till July 31, 2027 to micro and small enterprises from non-leather footwear sector to comply with the mandatory quality control order. The move would give smaller footwear manufacturers more time to obtain BIS (Bureau of Indian Standards) certification. It has also allowed footwear manufacturers to import up to 4,500 pairs annually for research, design development, testing, and other non-commercial purposes without meeting QCO (quality control order) requirements. However, these imported footwear have to be marked as "NOT FOR SALE" and have to be disposed of as scrap. Amending the footwear made from all rubber and all polymeric material and its components (Quality Control) order, 2024, the Department For Promotion of Industry and Internal Trade (DPIIT) order said in a provision, "for figures, letters and word '31st July, 2026', the figures, letters and word '31st July, 2027' shall be substituted". Commenting on the order, think tank GTRI s
Footwear major Bata India on Thursday said it has introduced its Bata Price Promise initiative, extending the benefit of the upcoming GST rate cut on footwear priced below Rs 1,000 to customers ahead of the official September 22 rollout. Under the scheme, prices across Bata outlets reflect a 7 per cent reduction, with the company absorbing the differential to pass on immediate savings to buyers, the company said in a statement. Footwear has seen GST cut from 12 per cent to 5 per cent. Our priority at Bata is to make fashion and comfort accessible to every consumer. By absorbing GST on select footwear, we are ensuring festive shopping starts early, is more affordable, and brings greater joy to our customers, Bata India MD and CEO Gunjan Shah said.
South Korea headquartered Hwaseung Footwear Group, with an investment of Rs 1,720 crore, has decided to set up its non-leather footwear manufacturing unit in Tamil Nadu, the first such facility for the group in the country, Minister for Industries TRB Rajaa said. The factory to come up in Tuticorin is expected to generate 20,000 direct jobs in the region, he said. "Our efforts to ensure the grounding of MoUs we signed at TN Rising Tuticorin are in full swing. Chief Minister M K Stalin today met senior executives of South Korea's Hwaseung Footwear Group at the Secretariat," Rajaa said. "Hwaseung has committed an investment of Rs 1,720 crore to establish a large-scale non-leather footwear manufacturing facility, their first production base in India," he said in a social media post late on Friday. Rajaa exuded confidence that the production plant, with the creation of 20,000 direct jobs in the region, would become one of the largest employment-generating footwear projects in Tamil ...