“We cannot replace China as we do not have the capability of large-scale production. However, many importers are now looking at India for smaller lots. The image about India as a “bad quality, bad-delivery” producer has changed.”
Harkirat Singh, Managing Director Of Woodland
Indian footwear industry may gain with its major rival in China losing its hold on the business. While China’s export share stands at more than 70 percent in volume terms, with the country selling almost three out of every four pairs of footwear exported worldwide, India’s share is merely 1.9 percent in value at the moment.
However, China’s exports are dominated by non-leather footwear. With labour costs in China on the rise, and the country gradually moving towards manufacturing of value-added goods, leading importing countries are now shifting their sourcing low cost countries like Vietnam, Philippines and India.