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Wenzhou’s Footwear and Leather Goods Industry to Tap Indian Market
【Fonts: Large Medium Small 【Source: 温州市 【Date: 2017.06.19】

Good news came from the event of“China-India (Wenzhou) Dialogue on Footwear & Leather Industry Production Capacity Cooperation” held on June 17 in Wenzhou that China Small and Medium Enterprises (India) Industrial Park Development Co., Ltd. signed a cooperation agreement with Xin Zhuhui Information Technology Co., Ltd. (Chinadomart.com or China-India Economic and Cultural Exchange  Center, CIECEC).

The Dialogue was co-sponsored by Wenzhou Foreign and Overseas Chinese Affairs Office, the Wenzhou Municipal Bureau of Commerce, the Wenzhou Municipal Federation of Industry and Commerce, and the Consulate General of India in Shanghai. During the event, heads of the Footwear & Leather Goods Industry Association of the State of Uttar Pradesh (UP), the most populous state in the Republic of India as well as the most populous country subdivision in the world, and relevant officials from the municipal government of Lucknow, Capital of UP, talked with representatives from Wenzhou Footwear & Leather Goods Industry Association and key local businesses of the industry to seek opportunities for hand-in-hand development.

Last year, Wenzhou’s exports toIndiatotaled nearly 500 million US dollars. Main export commodities toIndiainclude mechanical and electrical products, leather bags, and etc.Indiahas become Wenzhou’s sixth largest export market. When visiting Lucknow this April, an economic and trade delegation of the Wenzhou municipal government signed a memorandum of understanding with the host on establishing the friendly exchange relationship between the two cities, thus opening up a new channel to carry out deeper bilateral economic and trade exchanges .

At present,India’s domestic footwear consumption has amounted to 2.2 billion pairs per year, making it the third largest market in the world. With economic development, the Indian market’s demand on shoe materials, leather goods and other raw materials is growing rapidly. According to Sun Jianqiang, Director of CIECEC, the Indian footwear market featured by “numerous players, lack of order and chaotic competition” makes it possible to copy the success of Wenzhou’s footwear and leather goods industry. For this reason, they planned to establish a footwear and leather goods industrial park in the State of Uttar Pradesh (UP),India


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