Union Budget 2025 Reactions | 'Footwear sector aims to reach market size of Rs 4L cr with Rs 1.01L crore targeted for exports', says Oneeka Medh, Research Analyst at SAMCO Securities

Medh said, 'This initiative will help India by strengthening the leather and footwear manufacturing sector, generating employment, and enhancing export revenue. Companies such as Bata India, Relaxo Footwear, and Liberty Shoes will benefit from increased domestic demand and global market expansion, making India a leading player in premium leather footwear manufacturing.'

Talking about footwear industry, Oneeka Medh, Research Analyst at SAMCO Securities said, "The Footwear Industry Boost focuses on promoting high-quality long leather footwear. The sector aims to reach a market size of ₹4 lakh crore, with ₹1.01 lakh crore targeted for exports. This initiative will help India by strengthening the leather and footwear manufacturing sector, generating employment, and enhancing export revenue. Companies such as Bata India, Relaxo Footwear, and Liberty Shoes will benefit from increased domestic demand and global market expansion, making India a leading player in premium leather footwear manufacturing."

Medh also said, "The Edible Oil & Pulses Mission is a six-year initiative focused on achieving self-sufficiency in pulses and reducing import dependency. The NCCF will procure pulses directly from registered farmers, ensuring fair pricing and stable income. Rising incomes have increased domestic demand for pulses, making this mission crucial for food security. Companies such as Adani Wilmar, Godrej Agrovet, and Ruchi Soya stand to benefit from increased domestic production and processing. Additionally, investments in vegetable and fruit production, including a special focus on makhana cultivation in Bihar, will further enhance rural livelihoods and boost the agri-processing industry."

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.