China footwear delegation to visit India for investment opportunities

India
Published:  05 November, 2014

A 19-member delegation from China representing footwear sector will be visiting India during the second week of November scouting for investment and trade opportunities.

The delegation, consisting of representatives from Guangdong province, a leather shoe manufacturing area in China, and a biggest footwear manufacturer Huajian, is visiting leather factories and wholesale markets in Agra and New Delhi to explore trade opportunities. It will be the maiden visit of Huajian top officials to India. Incidentally, Huajian is developing a $2 billion shoe city in Ethopia.

During their stay in Agra on November 14-15, as part of 33 International Footwear Conference, the Chinese footwear manufacturers will present their country’s ‘Vision 2019’ for footwear industry with regard to production, product and market aspects.

“China exported leather goods worth $22 billion during 2013, while India did $7 billion during the same period. India will be reaching $14 billion mark by 2019, of which 40-45% will be footwear. Hence the visit of Chinese delegation assumes significance. ” said a Council of Leather Exports official.

Besides China, the representatives of Confederation of International Footwear Associations (CIFA) will also present their respective countries ‘Vision 2019’ document.

CIFA, representing 13 Asian footwear producing countries – India, China, Japan, Vietnam, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Thailand, and Taiwan – was formed with the common objective of networking and information exchange.

The prime objective of CIFA is to organise International conference and international design competition annually to promote design talent among Asian footwear producing countries. Experts from the U.S and EU are also taking part in this event.

Source: The Hindu

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