Council for Leather Exports (CLE) chairman, RK Jalan recently stated about the interest of Taiwanese and Vietnamese companies in investment in India’s non-leather footwear industry. Adding to that Jalan also mentioned that while such an investment would be beneficial for India, the government support will be needed to progress these proposed investments.
Jalan further stressed on the significance of support from the government mentioning that while Taiwan and Vietnam import moulds and machinery, shoe soles, and fabrics from China, the support would help the companies from these two countries import these materials easily into India.
He also said that the government’s assistance would encourage Taiwan and Vietnam to set up manufacturing units in India, which can lead to domestic industrial growth and job creation.
In this regard, the MD at Growmore International Limited, Yadvendra Singh Sachan shared that Tamil Nadu firms have already seen investment from Taiwan and also said that Taiwan’s cutting-edge technologies can enhance quality production.
With the two countries as major manufacturers in the global footwear market, Jalan additionally also expressed that the government should launch a product-focused scheme in the footwear and leather sector to boost the exports and efficiency in this segment. The scheme, he said, will facilitate the growth of premium non-leather footwear in terms of design capacity and component production.
