Possible billion dollar help for Indian shoemakers

The initiative is said to be an effort to address issues from sourcing of raw materials to production of finished products.

The Indian government is said to be preparing a significant USD 1 billion financial package aimed at strengthening the nation’s footwear industry and to counteract long-standing global challenges. This initiative is reportedly an effort to address critical value chain issues, from the sourcing of raw materials to the production of finished products, and offers incentives to investors. Discussions are claimed to be at an advanced stage.

The timing of this policy is strategic, as it coincides with ongoing negotiations into free trade agreements with key markets including the EU and the UK. The domestic Indian footwear market is projected to grow from an annual purchase average of two pairs per person to three. However, this is significantly below the international rate of six to seven pairs, thus presenting substantial room for expansion.

Publishing Data

This article was originally published on page 3 of the February 2026 issue of SATRA Bulletin.

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