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Textiles and apparels major Arvind set to step into footwear segment

Textiles and apparels major Arvind is readying to foray into the Rs 30,000-crore unorganized Indian footwear market in a big way.

, TNN|
Updated: Jan 22, 2015, 01.04 PM IST
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Initially, we will have footwear items from our brands such as Arrow, Tommy Hilfiger and Calvin Klein, among others- Sanjay Lalbhai chairman and managing director, Arvind.
Initially, we will have footwear items from our brands such as Arrow, Tommy Hilfiger and Calvin Klein, among others- Sanjay Lalbhai chairman and managing director, Arvind.
(This story originally appeared in on Jan 22, 2015)
AHMEDABAD: Riding high on the e-commerce wave, the textiles and apparels major Arvind is readying to foray into the Rs 30,000-crore unorganized Indian footwear market in a big way. The company will launch its own footwear brand in coming days.

"Footwear will be a mix of own brands, acquired, licensed and joint ventures. Initially, we will have footwear items from our brands such as Arrow, Tommy Hilfiger and Calvin Klein, among others," said Sanjay Lalbhai, chairman and managing director, Arvind, which aims to bring in national and international brands under its portfolio and retail them mostly through the online platform. The Arvind group has already forayed into the realty market.

According to latest estimates by the Council for Leather Exports, India is the second largest global producer of footwear after China, accounting for 13 per cent of global footwear production of 16 billion pairs. Interestingly, 95 per cent of its production goes into meeting domestic demand.

The company has roped in Rajiv Mehta from Puma India to spearhead its footwear vertical. Mehta, who joined Arvind three months back, was heading German footwear firm Puma's India business for nine years.

"Rajiv is looking at our footwear vertical and a few other things which we cannot disclose at this moment," added Kulin Lalbhai, executive director, Arvind.
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