ENA Sectors 2025-07-14 17:38:40 <p><span style="font-size:14px"><strong>New Delhi, Jul 14 (KNN)</strong> Companies from Taiwan and Vietnam are showing strong interest in investing in Indias growing non-leather footwear sector, according to the Council for Leather Exports (CLE).</span></p> <p><span style="font-size:14px">Chairman R.K. Jalan emphasized the need for government support to enable smooth import of essential materials like shoe soles, moulds, machinery, and fabrics&mdash;mostly sourced from China.</span></p> <p><span style="font-size:14px">Vietnamese and Taiwanese firms are eager to establish manufacturing units in India. For this, hassle-free import of components is critical, Jalan said.</span></p> <p><span style="font-size:14px">India's footwear and leather exports touched USD 5.75 billion in 2024 25, and CLE is targeting USD 7 billion by 2025 26.</span></p> <p><span style="font-size:14px">The United States emerged as the largest export market with shipments worth USD 957 million, accounting for nearly 20 per cent of the total, followed by the UK (11 per cent) and Germany.</span></p> <p><span style="font-size:14px">Jalan also highlighted that India expects around 18 per cent export growth this year, driven by rising manufacturing activity and job creation. He stressed that a trade agreement with the US could significantly boost Indias share in that market, where the sector currently faces an 18.5 per cent import duty.</span></p> <p><span style="font-size:14px">Vietnam and Taiwan are key players in the global footwear industry&mdash;Vietnam excels in mass production while Taiwan is a leader in design and technology. Their entry into India could significantly improve the quality of domestic output.</span></p> <p><span style="font-size:14px">Jalan urged the government to implement the focused product scheme for the leather and footwear sectors, announced in the Budget, to improve competitiveness, design capability, and component manufacturing.</span></p> <p><span style="font-size:14px">Supporting the view, Yadvendra Singh Sachan, MD of Kanpur-based Growmore International Ltd, noted that Taiwanese firms have already invested in Tamil Nadu. He also highlighted vast investment potential in Uttar Pradesh and Bihar, due to affordable labour and growth-friendly conditions.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42807 https://knnindia.co.in/news/newsdetails/sectors/taiwanese-vietnamese-firms-eye-indias-non-leather-footwear-market 2025-07-14 17:38:40 knnindia.co.in