Yes, India is emerging as a hub for footwear manufacturing and has been contributing significantly to the global footwear market in recent years. India’s footwear industry has a long history, and the country has a skilled workforce, favorable government policies, and low labor costs, which make it an attractive destination for footwear manufacturers.
India is the second-largest producer of footwear in the world after China and accounts for around 9% of the global footwear production. The Indian footwear industry is diverse, ranging from large-scale manufacturers to small and medium-sized enterprises (SMEs), and produces a wide range of footwear, from traditional leather sandals to modern sports shoes.
India’s footwear exports have also been growing steadily in recent years, with the country exporting around $3.5 billion worth of footwear in 2020. The major markets for Indian footwear exports include the United States, the United Kingdom, Germany, France, Italy, and Spain.
In summary, India’s footwear industry is rapidly growing, and its contribution to the global footwear market is significant. With the government’s focus on boosting manufacturing under the “Make in India” initiative and the availability of skilled manpower, India is poised to become a major player in the global footwear industry in the coming years.