India NEWS

Hong Fu Breaks Ground for ₹1,500-Crore Footwear Manufacturing Unit in Tamil Nadu

December 16, 2024: In a significant boost to Tamil Nadu’s industrial ecosystem, Taiwan’s Hong Fu Industrial Group, the world’s second-largest manufacturer of non-leather athletic footwear, officially marked its entry into India by laying the foundation stone for a ₹1,500-crore ( USD180 million approx.) footwear manufacturing facility at the SIPCOT Industrial Park in Panapakkam, Ranipet district. The […]

Retail Events

Swadeshi Trade Fair: A Game-Changer for Manufacturers

Swadeshi Trade Fair offers Indian manufacturers a unique platform to directly connect with European consumers, maximize profits, and establish their brand identity on the global stage Lisbon – In a groundbreaking initiative to connect Indian manufacturers with the booming European market, the Swadeshi Trade Fair is set to redefine the global perception of Indian craftsmanship. This innovative […]

NEWS

14th Edition of ‘Shoetech Kanpur 2024’ Draws Strong Participation on Opening Day

The 14th edition of ‘Shoetech Kanpur 2024,’ organized by the Indian Footwear Component Manufacturers Association (IFCOMA), opened to an enthusiastic response yesterday at the Multipurpose Hall of the KLC Complex on the Kanpur-Lucknow Highway, Banthar, Unnao. The two-day exhibition, which runs from October 16 to 17, attracted significant attention from both exhibitors and visitors, with […]

Brand Watch

Taiwanese Giant Hong Fu to Invest ₹1,500 Crore in Major Footwear Hub in Ranipet

October 2024 Hong Fu Industrial Group, a global leader in footwear manufacturing, has announced a significant investment of ₹1,500 crore to establish a state-of-the-art non-leather footwear manufacturing facility in Tamil Nadu. Spanning 200 acres, the facility is expected to become operational by late 2025 and will create 20,000 jobs, with a special focus on empowering […]

NEWS

EXPO RIVA SCHUH & GARDABAGS SETS THE STANDARD IN CHINA AND VIETNAM

RIVA DEL GARDA’S EVENT IS CALLED TO REPRESENT THE EUROPEAN MARKET AT THE FORUM ORGANISED BY CLIA Never before had a European trade fair participated in the CLIA Leather Goods Industry Forum and been invited to discuss the perspectives and opportunities of the European market. As China‘s commercial influence continues to expand globally, the decision to focus […]

NEWS

Carrefour to re-enter India in partnership with Apparel Group

French retail giant Carrefour is making a comeback in India after a decade, through a franchise partnership with Dubai-based retail conglomerate Apparel Group. Carrefour, which operates over 14,000 stores across 40 countries, initially entered the Indian market in 2010 but exited in 2014 due to business challenges and the inability to secure a partner for […]

Expert Speaks Opinion

Penny Paradox: Brand Edition 💰

Penned by Sanjeevni Lal Ever wondered why some brands go from Hero to Zero? I talked about how we, as consumers, sometimes fall for the allure of cheap products, only to end up spending more in the long run. But guess what?Even those big, shiny corporate giants fall for this trap too. Yes really, they’re not immune […]

NEWS

West Bengal to Invest in Calcutta Leather Complex

The state government of West Bengal has decided to inject approximately 100 billion rupees into the Calcutta Leather Complex. This investment will lead to the establishment of 187 tanneries and 139 footwear units, creating 250,000 new jobs. This will increase the total employment from 500,000 to 750,000. Chief Adviser to the Chief Minister, Alapan Bandyopadhyay, […]

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