The Footwear Business In India is a thriving industry, with a long history of manufacturing and production. India is the second-largest producer of footwear in the world, after China, and the industry is expected to grow rapidly in the coming years, driven by factors such as increasing disposable income, changing consumer preferences, and growing urbanization.
The Indian footwear industry is diverse, with a range of products available for all age groups and demographics. Leather footwear is the largest segment of the footwear industry in India, accounting for around 60% of the total production.
However, the sports footwear segment in India is growing rapidly, driven by increasing health consciousness among consumers and the popularity of sports such as cricket, football, and tennis.
How To Start Footwear Business In India
The footwear industry in India faces several challenges, such as competition from cheap imports, high manufacturing costs, and supply chain disruptions. However, the Indian government has set up the Council for Leather Exports (CLE) to promote the export of leather products, including footwear.
The CLE provides various services to Indian exporters, such as market research, trade promotion, and skill development.
Some of the major players in the Indian footwear market include Bata India, Liberty Shoes, Relaxo Footwear, and Khadim India. These companies have a strong presence in the Indian market and have been able to withstand competition from cheap imports by offering high-quality products and innovative designs.
The COVID-19 pandemic has had a significant impact on the footwear industry in India, with many businesses facing challenges due to supply chain disruptions and reduced demand. However, the pandemic has also presented new opportunities for growth in the e-commerce sector.
E-commerce platforms have made it easier for small and medium-sized businesses to reach customers across India, providing new opportunities for growth in the footwear industry.
Starting a footwear business in India can be a lucrative opportunity for entrepreneurs. There are various types of footwear businesses that one can start, such as retail stores, online marketplaces, and manufacturing units.
The Indian government has several initiatives to promote entrepreneurship in the country, such as the Startup India initiative, which provides various benefits and incentives to startups.
In conclusion, the footwear business in India is a diverse and growing industry that offers many opportunities for entrepreneurs. While the industry faces several challenges, such as competition from cheap imports and high manufacturing costs, it also presents opportunities for growth and innovation.
With the right strategies and resources, starting a footwear business in India can be a successful venture.
10 facts about Footwear Business In India
Here are 10 facts about the footwear business in India:
India is the second-largest producer of footwear in the world, after China.
The Indian footwear industry is expected to reach a value of USD 42.9 billion by 2024, growing at a CAGR of 8.5%.
Leather footwear is the largest segment of the footwear industry in India, accounting for around 60% of the total production.
The sports footwear segment in India is growing rapidly, driven by increasing health consciousness among consumers and the popularity of sports such as cricket, football, and tennis.
The Indian government has set up the Council for Leather Exports (CLE) to promote the export of leather products, including footwear.
Some of the major players in the Indian footwear market include Bata India, Liberty Shoes, Relaxo Footwear, and Khadim India.
The footwear industry in India faces several challenges, such as competition from cheap imports, high manufacturing costs, and supply chain disruptions.
The COVID-19 pandemic has had a significant impact on the footwear industry in India, with many businesses facing challenges due to supply chain disruptions and reduced demand.
The Indian footwear market is highly fragmented, with a large number of small and medium-sized players operating in the market.
E-commerce platforms have made it easier for small and medium-sized businesses to reach customers across India, providing new opportunities for growth in the footwear industry.
