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SHOE INDUSTRY
The exports of leather & leather products industry from India crossed $2.1 billion. The major portion of these was contributed by the Footwear segment, which accounted for $ 384.47 million.
The
major competition for the Indian Shoe Industry Exports is from China.
There has also been a move by some International environmental agencies
seeking a ban on Indian leather products claiming unethical slaughter practices
in India. The industry faces a challenge on this
account. The slaughter practices in India, Pakistan, China, Bangladesh and most
other South Asian countries are same but India has been singled out by some
foreign agencies for some vested interests.
Many
companies in the US, Europe & Japan are phasing out their operations giving
an opportunity to the Indian industry for entering into these markets and
expanding their operations.
The
Indian Shoe industry produces about 685 million pairs annually.
This production is second only to China
which produces about 5520 million pairs annually.