Saurabh Singh’s Post

India is the 2nd largest producer and consumer of footwear in the world. The leather and footwear industry in India is a high employment generating sector, contributing significantly to the country’s export earnings and economic growth. The footwear industry in India contributes about two per cent to India’s overall GDP along with employing more than four Mn workers. As per a report released by the Department for the Promotion of Industry and Internal Trade, the sector has the capacity to generate 250 jobs for every investment of INR 1 Crore. Additionally, for every 1,000 pairs of footwear produced and sold in India per day, the sector can create 425 jobs spanning manufacturing, allied industries, and retail. The sector holds an important place in the Prime Minister’s drive to Make in India and thus has been chosen as a Champion Sector. While India is a world leader in leather products, it is steadily gaining ground in the non-leather footwear segment. Presence of major Taiwanese companies such as Apache and Feng Tay in India are further accelerating India’s growth in the non-leather footwear segment. Footprint: Clusters and Key Players India offers many footwear clusters wherein companies both Indian and foreign have set up their manufacturing plants. Below is a snapshot of the various footwear clusters along with the key players situated in those clusters. India map Starting from the northern part of India, the states hosting the footwear clusters include: Uttar Pradesh • Agra in the state of Uttar Pradesh has emerged as the largest footwear cluster in India. - Key players such as Von Wellx, a German shoe brand which has recently shifted its manufacturing units from China is setting up a plant in Agra. The company has collaborated with an Indian company, Latric Industries Group for the same. - Virola Shoes Pvt. Ltd., a leading export company in Agra manufactures footwear for Alberto Toressi, a popular European brand. The company uses a stress-free technology in their shoes so that their products are not only fashionable but also comfortable. They have a patent technology that they use in all the soles which keeps the shoe light and durable. • Kanpur hosts yet another major footwear cluster in India. Some of the key players situated in this cluster include: - Mirza International, a leading leather footwear manufacturer, marketer, and exporter. It owns brands such as Red Tape, Oaktrack and supplies leather footwear to leading international brands and has products available in 28 countries globally.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄: 𝗜𝗻𝗱𝗶𝗮𝗻 𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗳𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟭𝟵 𝗯𝗻 𝗮𝗻𝗱 𝗶𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗮𝘁 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟰.𝟴%(𝟮𝟬𝟮𝟰-𝟮𝟬𝟮𝟴). India is the second-largest producer and consumer of footwear globally. The Indian footwear market is valued at $19 billion and is expected to reach $45 billion by 2030. The revenue generated in the Footwear market in 2024 is $26 bn. India accounts for 13% of the world’s footwear production and 2.2% share in global exports and produces 2.5 billion pairs annually. 𝗧𝗵𝗲 𝗳𝗼𝗼𝘁𝘄𝗲𝗮𝗿 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝘀 𝟮% 𝘁𝗼 𝘁𝗵𝗲 𝗰𝗼𝘂𝗻𝘁𝗿𝘆’𝘀 𝗚𝗿𝗼𝘀𝘀 𝗗𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 (𝗚𝗗𝗣). The footwear industry in India is a significant source of employment about 4.42 million people work in this sector. Women account for 40% of employment. India's footwear market is growing, driven by the rising income of the middle class and the expansion of e-commerce. The major segments of the footwear industry through: 𝗧𝘆𝗽𝗲𝘀 𝗼𝗳 𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿 • Casual • Mass • Sport • Leather • Non-Leather 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 • Footwear Specialists • Online Sales • Supermarkets and Hypermarkets • Departmental Stores • Clothing Stores • India accounts for 13% of the world’s footwear production and 2.2% share in global exports and produces 2.5 billion pairs annually. • The majority of the Indian footwear market is men’s footwear nearly 58 percent of the total Indian footwear retail market. • The major production centers in India are Chennai, Ranipet, Ambur in Tamil Nadu, Mumbai in Maharashtra, Kanpur in U.P, Jalandhar in Punjab, Agra, Delhi, Karnal and Ludhiana. 𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗱𝗼𝗺𝗶𝗻𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗿𝗲: • 𝗕𝗮𝘁𝗮 𝗜𝗻𝗱𝗶𝗮 𝗟𝘁𝗱.- 𝗖𝗠𝗣 ₹ 𝟭,𝟰𝟱𝟯 • 𝗠𝗲𝘁𝗿𝗼 𝗕𝗿𝗮𝗻𝗱𝘀 𝗟𝘁𝗱. - 𝗖𝗠𝗣 ₹ 𝟭,𝟯𝟰𝟬 • 𝗥𝗲𝗹𝗮𝘅𝗼 𝗙𝗼𝗼𝘁𝘄𝗲𝗮𝗿𝘀 𝗟𝘁𝗱. - 𝗖𝗠𝗣 ₹ 𝟭,𝟰𝟱𝟯 • 𝗥𝗲𝗱𝘁𝗮𝗽𝗲 𝗟𝘁𝗱. - 𝗖𝗠𝗣 ₹ 𝟴𝟭𝟬 • 𝗖𝗮𝗺𝗽𝘂𝘀 𝗔𝗰𝘁𝗶𝘃𝗲𝘄𝗲𝗮𝗿 𝗟𝘁𝗱. - 𝗖𝗠𝗣 ₹ 𝟮𝟴𝟰

Look ahead :Indian Footwear Industry by 2030     Good 😊 news.      ✨ By 2030 Indian Footwear Industry market  is projected to touch $90 Billion from the present figure of $26 Billion    ✨ India is the second largest global footwear manufacturer  after China amounting to 13% share of Global footwear production, but only with 2.2% of   exports worth $3.0 billion at 9th position.    .   ✨ Significant increase in the demand of non-Leather footwear such as Sports shoes, Running shoes, Casual wear, Sneakers and EVA open footwear like Crocs has been noticed in the domestic market. The non-leather shoe industry which constitutes 77% of Indian $900 million footwear imports.      ✨ This segment of Non-Leather footwear which at present holds 25%  market share here in India,  it is anticipated to touch 75 percent market share by 2030.     ✨ Market trends indicate a shift towards non leather footwear influenced by younger fashion conscious consumers with enhanced disposable income   .    ✨ Investment in high quality designs and production facilities for non leather shoes is crucial and imperative along with protective measures for small firms.      ✨ It's suggested that India should emphasize the following: Outsole moulds Adhesives PU EVA Granules TPU Footwear Machinery etc.      ✨ The government should encourage these industries by giving them production linked incentives as well as import substitute incentives for accessories and components which constitute 40% of shoe making.       ✨ It is noticed that import of such accessories and components the Indian shoes/ footwear produced here are  costs 30 to 40% percent higher.   ✨ Leather shoes on the other hand face no quality issues as Indian companies make the best Leather shoes catering to quality conscious markets like.. EU & USA which is approximately 82% of Indian footwear exports.      ✨ India is lagging in the non leather shoe sector in terms of quality, optics, and is fully dependent on imported inputs.      ✨ The global footwear manufacturing industry is dominated by Taiwanese contract Manufacturers and they make shoe brands  like Nike, Adidas,Puma etc.     ✨ India must attempt to attract global brands to Haryana, Uttar Pradesh, Rajasthan, after having seen a growing hub in Tamilnadu for international brands. It's observed that Taiwanese companies like Feng Tay, Hong Fu, Dean Shoes, Oasis Footwear, Sports Gear, Zucca are planning to set up operations in India. States like Haryana, Uttar Pradesh, Andhrapradesh, Telangana, Rajasthan and Karnataka need to assign high importance to footwear manufacturing investments in their respective investment promotion outreach/plans.            ✨ At present the Indian Footwear Industry ...a major employer, gives jobs to 4.42 million people and the good news is 40% are women. Now imagine the scope of employment in the Indian Footwear Industry by 2030.     🙂  Happy Days are coming soon!!! & More..... to come ( Sources  GTRI & DH)

Interesting Growth Path for Emerging Channels.

India Aims for USD 50 Billion Leather & Footwear Exports by 2030 India's Commerce Minister sets ambitious #export target for leather & footwear #industry by 2030, aiming to address #quality concerns and boost sector #growth. #India stands as the second-largest producer of #footwear, contributing 10.7 per cent of #global production. The sector contributes around 2 per cent of India's GDP, generating #employment for about 4.42 million people, consisting mainly young age #population and #women workforce. The country exports goods like leather, saddlery and harnesses, #leather #apparel, #gloves, #bags, trunks, #footwear, and non-leather items. Source | https://lnkd.in/gViqtmMS

The #footwearindustry in Agra -- The base of the footwear industry is huge, and this is where the challenges lie. The biggest problem is the indiscriminate disposal of #footwearwaste due to lack of space for storing at #manufacturing units. After all, over two-thirds of these units are home-based and informal in nature. These are small to very small dwellings with inadequate space for manufacturing and even less space to store footwear waste. No wonder, many dispose of this waste either outside their house’s doors, in nearby dustbins (if available) or in drains. The local authority has limited formal collection systems in place. Agra Footwear Manufacturers & Exporters Chamber IFCOMA Noida FOOTWEAR MANUFACTURERS IN AGRA Walkaroo International Private Limited Agra Footwear Expo DAWAR FOOTWEAR IND Rana Overseas G.P SINGH KAMPS FOOTWEAR PRIVATE LIMITED NUOVA SHOES @ Puran Dawar Rajiv Wasan Capt. A.S. Rana

Indian Footwear Industry- 2030     Good 😊 news.      ✨ By 2030 Indian Footwear Industry market  is projected to touch $90 Billion from the present figure of $26 Billion    ✨ India is the second largest global footwear manufacturer  after China amounting to 13% share of Global footwear production, but only with 2.2% of  exports worth $3.0 billion at 9th position globally.  . ✨ Significant increase in the demand of non-Leather footwear such as Sports shoes, Running shoes, Casual wear, Sneakers and EVA open footwear like Crocs has been noticed in the domestic market. The non-leather shoe industry which constitutes 77% of Indian $900 million footwear imports.      ✨ This segment of Non-Leather footwear which at present holds 25%  market share here in India,  it is anticipated to touch 75 percent market share by 2030.     ✨ Market trends indicate a shift towards non leather footwear influenced by younger fashion conscious consumers with enhanced disposable income   .    ✨ Investment in high quality designs and production facilities for non leather shoes is crucial and imperative along with protective measures for small firms.      ✨ It's suggested that India should emphasize the following: Outsole moulds Adhesives PU EVA Granules TPU Footwear Machinery etc.      ✨ The government should encourage these industries by giving them production linked incentives as well as import substitute incentives for accessories and components which constitute 40% of shoe making.       ✨ It is noticed that import of such accessories and components the Indian shoes/ footwear produced here are  costs 30 to 40% percent higher.   ✨ Leather shoes on the other hand face no quality issues as Indian companies make the best Leather shoes catering to quality conscious markets like.. EU & USA which is approximately 82% of Indian footwear exports.      ✨ India is lagging in the non leather shoe sector in terms of quality, optics, and is dependent on imported inputs.      ✨ The global footwear manufacturing industry is dominated by Taiwanese contract Manufacturers and they make shoe brands  like Nike, Adidas,Puma etc.     ✨ India must attempt to attract global brands to Haryana, Uttar Pradesh, Rajasthan, after having seen a growing hub in Tamilnadu for international brands. It's observed that Taiwanese companies like Feng Tay, Hong Fu, Dean Shoes, Oasis Footwear, Sports Gear, Zucca are planning to set up operations in India. States like Haryana, Uttar Pradesh, Andhrapradesh, Telangana, Rajasthan and Karnataka need to assign high importance to footwear manufacturing investments in their respective investment promotion outreach/plans.            ✨ At present the Indian Footwear Industry ...a major employer, gives jobs to 4.42 million people and the good news is 40% are women. Now imagine the scope of employment in the Indian Footwear Industry by 2030.     🙂  Happy Days are coming soon!!! & More..... to come ( Sources  GTRI & DH)

Researchers have found that a total of 6,821 footwear manufacturing units that operate in Agra, generate 45 tonnes per day (TPD) of footwear waste, with about 79% (10.84 tonne) presumably disposed of in drains or leaked into the Yamuna River, or collected and disposed of to the Kuberpur dumpsite. All this has a bearing on both the survival of Agra as a much-touted Smart City, as well as India's footwear industry, which should find itself in the doldrums were production to be affected. Subir Ghosh talks to Kuldeep Choudhary, Programme Officer and lead author of the report by Centre for Science and Environment. https://lnkd.in/gWhwy7eW Follow texfash.com on LinkedIn: https://lnkd.in/dWNRX6vM #footwear #footwearwaste #leather #footwearindustry #agra #afmec #manufacturing Centre for Science and Environment, New Delhi Atin Biswas

Footwear Industry Overview ·   India is Currently Second largest producer and consumer of footwear. ·   Globally, India contributes more than 10% to footwear production and consumes more than 11%. ·   India’s footwear industry contributes 2% to the country’s GDP. ·   The footwear industry in India today is 28 Billion dollar which is expected to reach 90 Billion dollar till 2030. ·   The global footwear market is projected to grow at a CAGR of 4% during 2023 to 2028. Meanwhile at the same time, Indian footwear industry is expected to grow at a CAGR of around 13 to 15%. ·   Indian footwear industry is highly unorganized but the share of unorganized sector is declining steadily. 🚀Growth Drivers of the Industry ·   Rising Disposable Income - India’s growing middle class with higher disposable incomes is driving higher spending on branded footwear. ·   Growing Demand for Sports and Athleisure segment – The footwear industry is witnessing rising demand for sports and athleisure segments driven by health awareness, active lifestyles, and a preference for comfortable footwear. ·   Rise of E-commerce - The increasing penetration of e-commerce in small towns and cities is enabling convenient access to a wide range of branded footwear. ·   Urbanisation - Rapid urbanisation has led to a shift in consumer preferences towards branded and fashionable footwear. ⚠️Threats to the Industry ·   Competition from unorganized retailers - The presence of a large unorganized sector in the footwear industry poses a challenge to organized players, as unbranded and cheaper alternatives are readily available. ·   Counterfeit Products - Counterfeit and low-quality footwear products flooding the market pose a challenge to the growth of genuine brands. Parth Verma #finance #learning #industry #footwear

Is It Time to Rename the Council for Leather Exports (CLE) to Council for Footwear Exports (CFE) ? (Here’s Why I Think So) The Indian footwear industry, especially the non-leather footwear segment, has been on a steep growth trajectory lately fueled by increasing FDI's due to the China +1 Strategy For context In FY 22 & 23 the Indian leather industry’s exports stood at ▪ ~$4.42 billion in FY 2021–22 ▪ Footwear Sector Contribution: $2.15 billion ▪ % Share: 48.57% of total exports ▪ ~$5.26 Billion in FY 2022-23 ▪ Footwear Sector Contribution: ~$3 Billion ▪ % Share: more than 55% of total exports Non-leather footwear has shown tremendous growth, with exports increasing 48.8% in just one year ➡ FY 2021–22: $505 million ➡ FY 2022–23: $752 million ➡ FY 2023-24: ? In FY 2023–24, It’s probably already crossed the $1 billion mark (waiting on the final numbers, Will confirm it in Feb 2025). If you see at this rate, footwear is carrying the entire Indian leather industry on its back. Literally. So here’s the big question If footwear is clearly the driving force in the Indian leather industry exports,  Shouldn’t we seriously consider a name change for the Council for Leather Exports? Haha Maybe the "LEATHER" in CLE is starting to sound a bit... outdated? Maybe it’s time for a new & a more fitting title Something like Council for Footwear Exports (CFE)? Because let's be honest, it's the footwear sector that's carrying the load here. But hey, at the end of the day, it all contributes to India’s leather export numbers right? Haha If footwear, especially the non-leather footwear is what will help us hit CLE’s $50 Billion Ambitious target by 2030 Then why not ride that wave & give the due credit? So, why not officially crown footwear, especially the non-leather footwear (the secret weapon of CLE’s ambitious vision) and call CLE as CFE? But hey, this is just me being cheeky. Or is it? Criticism welcomed, It's just my perspective ❓ So, what do you think? Should CLE really change to CFE? Haha, Let me know your thoughts in the comments #Footwear #FootwearIndustry #Shoes #IndianLeatherIndustry #Leather #LeatherIndustry #CLE #EconomicGrowth #Export #Manufacturing