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Eyeing the Rs 50,000 crore footwear market in India, Khadi Village Industries Corporation (KVIC) on Wednesday launched a range of footwear made of khadi fabric and said that it targets a Rs 1,000-crore market share in the first year.

The footwear range for both men and women was launched by MSME Minister Nitin Gadkari, Minister of State for MSME Pratap Chandra Sarangi, and KVIC Chairman Vinai Saxena.

Speaking at the launch, Gadkari said: “Global footwear industry is valued at Rs 1.45 lakh crore. KVIC will generate immense demand for khadi footwear with its range of products.”

“Khadi footwear is a unique product. International quality and use of fine fabric like Patola silk, Banarasi silk, cotton, and denim will attract youngsters who can purchase it online. These footwear are cost-effective,” Gadkari said.

He said that Khadi India needs to also tap the accessories items like women’s purses, wallets and women’s bags made of khadi, which have high global demand, particularly in the European countries.

Sarangi said that khadi footwear were not only environment- and skin-friendly but also reflected the hard work of artisans put in to make fabric for these footwear.

The KVIC Chairman said of the footwear market worth Rs 50,000 crore in India, it planned to bag a market share of at least Rs 1,000 crore in the first year.

He said these footwear will be sold online through KVIC website.

Saxena pointed out that KVIC was hopeful of good demand for its non-leather footwear globally, including 15 designs for ladies and 10 designs for men.

The KVIC said that exquisite khadi products like Patola silk of Gujarat, Banarasi silk, Madhubani-printed silk of Bihar, khadi denim, Tussar silk, Matka-Katia silk, cotton, tweed and khadi polycloth were used to make these footwear unique and trendy.

The khadi footwear price ranges from Rs 1,100 to Rs 3,300 per pair.

Earlier, KVIC had successfully launched its khadi wrist watch in association with Titan which has been a trendsetter.

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Consumer Sentiment Post COVID-19

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Reportedly, even fashion behemoths like Gap, Hummel, Adidas, Aeropostale and Asics, among others have announced discounts of 30-60 percent on various products. Indian footwear stalwart Liberty Shoes in a bid to clear inventory has recently announced an end-of-season sale with discounts upto 70 percent. real money

Even post the coronavirus pandemic, online shopping is likely to gradually replace offline shopping, making decentralisation imperative for the sector. Consumer sentiment will remain cautious and online sales are expected to witness a significant surge and will be further supported by an increasing use of virtual technologies.

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As of now, the footwear retailer is even taking WhatsApp orders in an effort to be as accessible to consumers as possible.

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According to her, the luxury industry will regain its strength when the current situation stabilizes although certain changes will be permanent. For example, China may no longer be the priority territory for luxury brands to look for their supply chain.

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