<ul data-eligibleForWebStory="false"><li>Taiwanese and Vietnamese firms are interested in investing in the footwear sector in India, importing products like shoe soles, moulds, machinery, and fabrics from countries like China.</li><li>The Council for Leather Exports (CLE) is aiming for USD 7 billion worth of shipments in 2025-26, with exports reaching USD 5.75 billion in 2024-25. The US, UK, and Germany are key destinations for Indian footwear exports.</li><li>Promotion of manufacturing in India is expected to boost exports and job creation, with an anticipated 18% growth in the sector this year. A trade agreement with the US could further enhance market access, as the sector currently faces an 18.5% duty in the US.</li><li>The focused product scheme for the footwear and leather sectors announced in the budget is aimed at enhancing productivity, competitiveness, and exports. Taiwanese companies have already invested in non-leather footwear firms in Tamil Nadu, indicating potential for growth and quality improvement.</li></ul>

Taiwanese, Vietnamese firms keen to invest in footwear sector in India: CLE

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