Leather And Footwear Industry

Under the India-UK FTA, the current tariffs of up to 17 per cent on Indian leather and footwear products, will be reduced to 0 per cent gradually in 5 years

The company aims to tap India's value-conscious consumers in Tier 2 and Tier 3 cities, with affordable, fashion-relevant products under new brands

The row began after Prada revealed leather sandals at Milan Fashion Week that closely resembled Kolhapuri chappals

In May, Birkenstock filed an infringement lawsuit in the Delhi High Court against four footwear traders, four factories and two unnamed individuals

Linking of the Prada brand name to the Kolhapuri sandals, which are made by around 7,000 artisans in India, is providing a business opportunity for some

Metro Brands shares rose 6 per cent on Tuesday after it announced a strategic partnership with the British footwear brand, Clarks

The country's leather, non-leather footwear and products' exports rose by about 25 per cent year-on-year to USD 5.7 billion in 2024-25 and the shipments are likely to cross the USD 6.5 billion mark this fiscal, exporters' body CLE said on Monday. The Council for Leather Exports (CLE) said that demands in both developed and developing countries are "healthy". "In 2024-25, we have exceeded the exports target by USD 1 billion set up by the department of commerce and going by this trend, our exports will cross USD 6.5 billion in 2025-26," CLE Executive Director R Selvam said. He said that the sector is recording growth despite global uncertainties. Sharing similar views, CLE Chairman Rajendra Kumar Jalan said that the exports are doing good in both the US and the UK, the key export destinations for India. Due to the 10 per cent tariff hike, all the exporters are giving discounts to buyers, but there were no order cancellations, Jalan said. "From April 14-15, the situation is normal.

According to industry experts, the higher tariffs on China and Vietnam will turn out to be most beneficial for Tamil Nadu

Finance Minister Nirmala Sitharaman had announced a focus product scheme for the footwear sector in her Budget 2025 speech last month

Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook

J Rafiq Ahmed, managing director, Kothari Industrial Corporation, said the number of employees in Phoenix Kothari is expected to cross 55,000 by 2027

"The new policy will aim to double the size of the UP leather industry in five years," said a senior state government official

Budget 2025: Relaxo Footwear share price surged 8.8 per cent on the BSE. Liberty Shoes rallied 7.4 per cent, Campus Activewear 6.12 per cent, and Bata India share price 2.8 per cent

The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation

In an exchange filing Metro Brands said this partnership will expand the retail presence of New Era in India and deepen the company's retail expansion in the athleisure market.

Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand

The Bureau of Indian Standards for imported footwear requires the companies to float their products in India only after receiving the ISI mark

Bata India's consolidated net profit declined by 30 per cent to Rs 58 crore in the December 2023 quarter against Rs 83 crore a year ago. Its revenue from operations was steady at Rs 903 crore despite muted market demand, thanks to growth in premium categories, the shoemaker said in a statement. Overall expenses for the quarter were higher at Rs 836 crore compared to Rs 798 crore in the corresponding period last year. The company in a statement attributed the decline in net margin to significant investments made in brand and technology during the quarter. Bata India expanded its network with 54 net new stores and franchise and COCO expansion, while also renovating 36 stores to enhance the brand experience during the quarter. "Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience, and expanding our reach across channels & markets," Gunjan Shah, MD and CEO of Bata India Limited, said.

Market size of the Indian footwear industry can increase by over three times to USD 90 billion by 2030 provided a host of measures such as a ban on show imports, fiscal incentives, more design centres and Taiwanese contract manufacturers setting up shops in the country are taken, a report said on Sunday. Economic think tank Global Trade Research Initiative (GTRI) said that the Indian footwear market, valued at USD 26 billion, is projected to reach USD 90 billion by 2030. "This growth will be characterized by two main changes - a significant increase in the demand for non-leather footwear (like sports shoes, running shoes, casual wear, and sneakers) in India, rising from 25 per cent to 75 per cent of the market share by 2030; and a shift in leather shoe production from small-scale, cottage industries to large corporates," it said. Suggesting eight actions for the sector, the report said shoe-making technology is primitive compared to electronics or semiconductor manufacturing and Ind

The Tamil Nadu government has planned to set up a footwear manufacturing park at an outlay of Rs 400 crore on a 250-acre land, Chief Minister M K Stalin said on Tuesday. The industrial project would generate 20,000 new jobs in Ranipet district, he said at an event here. Stalin made those comments after virtually inaugurating a footwear manufacturing facility set up at an investment of Rs 400 crore by JR One Footwear Pvt Ltd at Eraiyur in Perambalur district, about 250-km south of Chennai. Observing that the government has implemented several projects in the leather and footwear industries during the last two years, he said following the release of a footwear and leather products policy in 2022 there have been developmental changes in these sectors. "By witnessing such growth, it gives me the confidence to say that the day is not far in achieving the USD 1 trillion economy by 2030." Tamil Nadu should further strengthen its position in the leather and footwear sectors. "The governme