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Footwear Industry

GST knocking: Puma footwear, Flying Machine, Levis clearing inventories with discounts up to 50%

With just a couple of weeks left for the country’s biggest tax reform, the Goods and Services tax (GST), to become operational, there has been a mad rush among the retailers to clear off their old inventories before the new tax regime kicks in. The latest to offer steep discounts …

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ShoeKonnect seller board
Footwear Manufacturer

ShoeKonnect Seller board For footwear businesses

  Click here  to START SELLING Sell footwear in BULK, on India’s Largest footwear selling platform. As per footwear manufacturers in India, When we say, “start a shoe company,” we really mean a company that designs, markets, sources, and imports shoes, not only Footwear manufacturing unit that makes shoes. ShoeKonnect App …

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Footwear news

Government bid to revive footwear industry

PATNA: The state government has decided to create state-funded and product-based industrial cluster to revive the once thriving footwear industry at Mora Talab in Nalanda district. Industry department principal secretary S Siddharth on Friday said the government would raise funds from financial institutions like Housing and Urban Development Corporation (Hudco) and the Life …

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Fashion Footwear

Effect of cattle ban, GST in Jalandhar; leather to get costlier

The Union government’s ban on cattle slaughter and the decision of imposing 5% Goods and Services Tax (GST) on raw hides is adding to the worries of the leather and sports industry. The leather business is already facing a hike of 15% to 20% in the cost of raw material …

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Fashion Footwear

GST: Footwear industry feels the heat

Footwear business has come to a standstill in the city of Taj where one-third of the population is directly or indirectly connected to the industry. Workers are waiting for orders but as there is no activity, the demand has fallen drastically. Agra caters to 65% of the country’s requirement of …

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Fashion Footwear

Govt readying Rs 2,500 crore package for leather and footwear industry

The finance ministry is likely to approve a Rs 2,500 crore package for the leather and footwear industry, a move that is expected to boost exports, generate employment and make the sector competitive globally. “Finance Ministry’s expenditure finance committee (EFC) has already examined the proposal. They may grant a package …

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Fashion Footwear

Pakistan’s footwear exports fall in volume and value

With Pakistan’s current fiscal year coming to an end, the Federal Bureau of Statistics has reported export figures for footwear of 8.9 million pairs for the first 11 months (July 2016-May 2017) and revenues of $86.9 million. Compared to the first 11 months of the previous financial year, these more …

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Footwear Manufacturer

India will have strong foothold in global footwear market

Non-leather footwear manufacture has made huge strides in India in recent years. Majority of footwear made in the country is non-leather. Growing demand, adoption of new technologies and use of an ever-expanding range of designs have contributed towards the growth of the sector. For instance, in 2013-14, the manufacturers based …

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Fashion Footwear

GST rates: Footwear to cost more as firms look to increase prices by 5-7%

Footwear companies across the country are looking to increase prices of their products—particularly in the leather segment—by 5-7%, in a bid to compensate for a higher goods and service tax (GST) rate. The GST Council had categorised footwear into two tax slabs. Those priced below Rs500 will be taxed at …

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Footwear Manufacturer

Adidas has a secret weapon to beat Nike – and it’s just about ready to deploy it

Adidas is on a tear as of late – and it has a plan to keep tearing it up, too. As of March, the German sportswear maker had nearly doubled its market share in the US, from around 6% to 11%, according to data from NPD Group. Its sales in …

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