Tata International’s footwear division eyes Rs 1,700 crore revenue in three years
Tata International, a global trading and distribution company of Tata Group, is aiming to double its revenues to Rs 1,700 crore in the next three years from leather and leather products and exports.
“We are hopeful of exporting 6 million pairs of leather footwear in FY 2015 and increasing the same to 11 million pairs in three years period. Similarly, our revenue will also increase from the present Rs 800 crore to Rs 1,700 crore in three years’ period,” Tata International Global Business Head, Footwear and Leather Garments, N Mohan told PTI here.
The company is hoping to grow its business in line with the industry’s of 40 per cent in last five years, Mohan said.
The leather footwear and garments exports is expected to touch $12 billion in three years period from the present $6 billion.
Tata International’s diversified product basket comprises a large range of footwear, finished leather and garments.
The company has been exporting to over 35 countries and is also the largest exporter of children’s shoes from India. Tata International also has a major stake in Move-On Shoes, a leading Portuguese footwear retailer.
http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/tata-internationals-footwear-division-eyes-rs-1700-crore-revenue-in-three-years/articleshow/46613206.cms
