The production of footwear components will be crucial to achieving the industry’s $26 billion aim by 2030
The production of footwear components is poised to play a pivotal role in the industry’s ambitious goal of reaching a $26 billion market size by 2030. As the global footwear industry evolves, the demand for localized production of components such as soles, insoles, uppers, and leather accessories has increased significantly. Currently, many of these components are imported, primarily from countries like China and Vietnam, which adds to costs and prolongs production timelines.
To address this challenge, manufacturers are focusing on developing domestic component clusters to enhance self-reliance and reduce dependence on imports. In Tamil Nadu, for instance, companies like JR One Footwear Pvt. Ltd. are establishing dedicated leather component manufacturing units alongside their footwear production facilities. This approach not only helps optimize supply chains but also contributes to the growth of local industries, generating employment and fostering innovation in component design.
Government support, through initiatives such as Production Linked Incentives (PLI) and subsidies for skill development, is further encouraging investment in component manufacturing. These efforts align with India’s broader vision of becoming a global manufacturing hub for footwear, catering to both domestic and international markets.
By prioritizing localized component production, the industry is set to boost efficiency, reduce costs, and support the export of finished footwear products. Achieving the $26 billion target by 2030 will hinge on collaborative efforts between manufacturers, the government, and supply chain partners, ensuring that India emerges as a leader in both footwear production and innovation.
