Judges used ‘instructed eye’ test to sink Aqualite’s appeal against interim order barring it from manufacturing & selling slippers that mirror Relaxo’s patented ‘side-ridge’ design.
With non-leather products driving global footwear demand between 2020 and 2024, India’s global market share stood at 1.85% in 2024, says a NITI Aayog report.
Taiwan giants like Shoetown, Feng Tay, Pou Chen, and Hong Fu are setting up huge non-leather shoe factories in Tamil Nadu. Made in India footwear will take over world, say industry leaders.
The recent move by Centre, which requires ISI marks on all footwear priced above Rs. 150, has sparked concerns among small businesses in the cottage footwear manufacturing sector.
In Agra, shoemakers fear the change and disruption in the old ways of doing things. Industry associations fear fallouts, while workers are worried that they’ll be laid off.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS