write an essay on the scope of domestic market for footwear in India in 1500 words
Answers
Explanation:
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Answer:
The footwear sector is a very significant segment of the leather industry in India; rather it is
the engine of growth for the entire Indian leather industry.
India is the second largest global producer of footwear after China, accounting for 13% of
global footwear production of 16 billion pairs. India produces 2065 million pairs of different
categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million
pairs and non-leather footwear - 1056 million pairs).India exports about 115 million pairs.
Thus, nearly 95% of its production goes to meet its own domestic demand.
The major production centers in India are Chennai, Ranipet, Ambur in Tamil Nadu, Mumbai
in Maharastra, Kanpur in U.P., Jalandhar in Punjab, Agra, Delhi, Karnal, Ludhiana, Sonepat,
Faridabad, Pune, Kolkata, Calicut and Ernakulam. About 1.10 million are engaged in the
footwear manufacturing industry.
.
Footwear exported from India are Dress Shoes, Casuals, Moccasins, Sport Shoes, Horrachies,
Sandals, Ballerinas, Boots, Sandals and Chappals made of rubber, plastic, P.V.C. and other
materials.
The Footwear sector is now de-licensed and de-reserved, paving the way for expansion of
capacities on modern lines with state-of-the-art machinery. To further assist this process, the
Government has permitted 100% Foreign Direct Investment through the automatic route for
the footwear sector.
Conducive Investment climate towards attracting overseas investments and increasing cost
competitiveness.The Government of India is setting up dedicated Footwear Complex and
Footwear Components Part where footwear clusters are located.
Footwear – Global Scenario and India’s share
The global import of Footwear (both made of leather as well as non-leather) increased from
US$ 124.43billion in 2013 to US$ 134.943billion in 2017, growing at a CAGR of 2.1%.
During 2017, the India’s share in the global import is 2%.
(In Million US$)
2013 2014 2015 2016 2017
Global import of Footwear 124312.959 131,819.943 127,818.701 128324.900 134,943.372
India's export of Footwear
2609.804 2990.733 2771.020 2747.900 2785.993
% Share of India 2% 2.27% 2.16% 2.15% 2%
Source: ITC, Geneva & DGCI &S, Kolkata
Global Footwear import includes leather & non-leather
India’s Footwear includes – Leather, non-leather and leather uppers
India’s Export of Different categories of Footwear
(Value in USD Mn)
2013 2014 2015 2016 2017
Leather Footwear 2018.18 2207.17 2017.22 1952.44 1933.13
Footwear Components 320.15 361.29 284.34 298.69 335.24
Non-Leather Footwear 202.06 306.44 306.74 338.21 296.68
Total 2540.39 2874.9 2608.3 2589.34 2565.05
Source: DGCI& S
Footwear is the engine of growth of the leather industry in India. India’s export of Footwear
touched US$ 1933.13 million in 2016-17, accounting for a share of 45 % in India’s total
export from the leather sector of US$ 5739.93Mn.
India’s export of leather footwear had increased from US$ 2018.18 million in 2012-13
to US$ 1933.13 million in 2016-17.
India’s export of footwear components had increased from US$ 320 million in 2012-
13 to US$ 335.24 million in 2016-17
India’s export of non-leather footwear has increased from US$ 202.06 million in 2012-
13 to US$ 296.68 million in 2016-17
Major Markets:
During 2016-17, the main markets for Indian Footwear are USA with a share of 14.6%,
UK14.4%, Germany12.2%, France6.4%, Italy4.8%, Poland4%, UAE3.7%, Spain 3.3%,
Belgium3.2% and Netherlands2.5%. These 10 countries together accounts for 80.53% share
in India’s total footwear export.
Nearly 90% of India’s export of footwear goes to European Countries and the USA. Future
growth of Indian footwear in India will continue to be market driven. The European countries
and the US are major consumers for the Indian footwear.
A Statement showing India’s Export of Footwear to different countries (leather, nonleather and uppers): (Year 2013 to Year 2017)
India's Export of Footwear (Chp 64) to World, Country-wise
Exports in USD (Mn) CAGR in
% 2013-
17
% Change
2017/16
Share in %
Rank Importers 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
World 2609.8 2990.7 2771.0 2747.9 2786.0 1.6 1.4 100.0 100.0 100.0 100.0 100.0
1 United
States of
America
305.2 360.2 425.8 458.5 405.6 7.4 -11.5 11.7 12.0 15.4 16.7 14.6
2 United
Kingdom
451.3 496.0 483.7 424.8 400.8 -2.9 -5.6 17.3 16.6 17.5 15.5 14
Explanation: