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Footwear Manufacturer

ICRA: Premium non- leather footwear products to benefit under GST

The Goods and Services Tax (GST) rates for the footwear products will be a two-tier structure –footwear with MRP up to Rs. 500 is proposed to be taxed at the rate of 5% and footwear with an MRP of more than Rs. 500 is proposed to be taxed at the …

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Fashion Footwear

Japan’s sportswear brand ASICS to open more stores in India

ASICS will open at least 12 new stores across top Indian cities, including a few in the tier-II category towns, besides adding six more by end of this year to 20 outlets currently. New Delhi: With just 20 stores, India is a small market for ASICS Corp., the Japanese sports …

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Fashion Footwear

Nike to cut about 2% of its global workforce, announces new business structure

Nike has announced a new business structure, which among other changes involves trimming 2 percent of its workforce globally. “Nike’s leadership and organizational changes will streamline and speed up strategic execution,” the retailer said in a statement Thursday, explaining plans of how Nike will also change the reporting divisions of …

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Footwear Manufacturer

A Crackdown on the Slaughter of Sacred Cows Is Hurting India’s Leather Industry

In the backstreets of Agra’s Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya Janata …

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Footwear news

Kanpur tanneries may be shifted out

Officials of the National Mission for Clean Ganga (NMCG) will meet Uttar Pradesh government officials to discuss the State’s decision to shift over 400 tanneries from Kanpur. The previous Samajwadi Party government had told the National Green Tribunal (NGT) in 2016 that the tanneries could not be shifted, for no …

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Footwear news

Ganga: NGT allows three Kanpur-based tanneries to operate

The National Green Tribunal has allowed three Kanpur-based tanneries, which were releasing waste in river Ganga, to resume operations after the UP Pollution Control Board (UPPCB) informed it that they were complying with all environmental norms. A bench headed by Justice Jawad Rahim permitted K C Tan Industries, Tajammul Ki …

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Industry News

Cattle Slaughter Crackdown Ripples Through India’s Leather Industry

AGRA, India (Reuters) – In the backstreets of Agra’s Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the …

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Footwear Manufacturer

GST: While apparel is at 12% why footwear is at 18% asks Adesh Gupta, Liberty Shoes

The Modi government has decided that this will be the top priority sector because we are the second largest manufacturing in the world and our consumption within India is almost 95% of the shoes produced. The idea was that for Make in India, the overall objective to grow this trade …

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Footlight

Leather shoes may pinch under GST as prices likely to rise 5-7%

Leather shoes may pinch under the goods and services tax (GST) as the prices are expected to go up by an estimated 5-7%. The proposed GST rates may push up prices of footwear across categories, while leather as a segment is most likely to be hit due to high rates. …

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Footwear Manufacturer

GST to bring down footwear prices

The government has announced GST rate of 5% for footwear below Rs 500 and 18% for other. The new rate structure has invited praise and appreciation from across the industry, from manufacturers to retailers and distributors as well from both domestic and foreign brands. Over the years, multiple taxes from …

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