Finance Minister Arun Jaitley to inaugurate India International Footwear Fair


Posted on:06 Aug 2016 09:23:54

Finance Minister Arun Jaitley to inaugurate India International Footwear Fair
06 August 2016 Current Affairs: Finance Minister Arun Jaitley will inaugurate the India International Footwear Fair (IIFF) on August 5.

As many as 263 companies from India and abroad are participating in the fair this year. The organisers expect business of around Rs 2,000 crore to be generated from the three-day event.

Last year the quantum of business generated from the fair was Rs 1,200 crore. However, we expect business to the tune of Rs 2,000 crore to be generated this year.

India Trade Promotion Organisation (ITPO) CMD L C Goyal said he expects nearly 10,000 people to visit the IIFF 2016, much higher than the 6,000 visitors who attended last year.

160 Indian companies and 103 overseas firms from Brazil, China, Iran and Taiwan are participating in the fair this year.

The present demand in India is 2.3 billion pairs a year and it is estimated India will need 5 billion pairs of shoes in 2020. Apart from unveiling the export potential of India in footwear and leather industry.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

26 JUNE
NEWS
24 JUNE
NEWS
23 JUNE
NEWS
22 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS