Porto, Portugal, 25 May – A business mission organized by the Portuguese footwear association will take, from June 4, 20 sector companies to India in search of partnerships for sub-contracting and acquisition of leather and components, the organization said Wednesday.
Promoted by Portuguese footwear association, Associação Portuguesa dos Industriais de Calçado, Componentes e Artigos de Pele e Seus Sucedâneos (APICCAPS), together with export promotion agency ICEP, the mission is a first step towards the world’s second largest footwear manufacturing country and “one of the most important future markets.”
“India is currently the 7th largest country in terms of area, the 2nd most populated and the 2nd largest economy amongst so-called emerging markets,” the association said.
A statement from APICCAPS said that, as well as institutional contacts in New Delhi as part of the mission, the Portuguese delegation will also visit footwear factories, components factories in the Indian capital and the regions of Agra and Chennai.
According to figures from APICCAPS, currently, 15 percent of main European footwear brands (such as Aerosoles, Clarks, Ecco, Elefanten, Gabor, Marks & Spencer and Salamander) already operate in India.
These are joined by other international brands such as Adidas, Fila, Nike and Reebok, as well as clothing brands such as DKNY, Hugo Boss, Pierre Cardin, Tommy Hilfiger and Versace.
Every year India produces over 167 million square meters of leather and 1.848 billion pairs of shoes. (macauhub)