<p>Based in South India, BSIPL is India's largest manufacturer of children's footwear, which it supplies to several international brands across Europe. ESCPL is a manufacturer of footwear soles.<br /><br />The Bachi family will continue to hold the residual stake and will work closely with TIL to manage and grow this business, a company statement said here.<br /><br />With these acquisitions, TIL has established significant presence in the children's footwear segment. The buys considerably augment TIL's presence in the manufacture and export of footwear, take capacity to over 5 million pairs per year and make TIL one of India's largest exporters of footwear, it said.<br /><br />Further, TIL now has consequential presence in all key footwear segments - men's, women's and children's footwear range, the release said.<br /><br />TIL has a pioneering presence in the finished leather business in India through its state-of-the-art leather tanning and finishing facility located at Dewas near Indore.<br /><br />TIL views footwear as a significant business opportunity with worldwide demand exceeding 3 billion pairs annually and China and India emerging as predominant manufacturing destinations, it added.</p>
<p>Based in South India, BSIPL is India's largest manufacturer of children's footwear, which it supplies to several international brands across Europe. ESCPL is a manufacturer of footwear soles.<br /><br />The Bachi family will continue to hold the residual stake and will work closely with TIL to manage and grow this business, a company statement said here.<br /><br />With these acquisitions, TIL has established significant presence in the children's footwear segment. The buys considerably augment TIL's presence in the manufacture and export of footwear, take capacity to over 5 million pairs per year and make TIL one of India's largest exporters of footwear, it said.<br /><br />Further, TIL now has consequential presence in all key footwear segments - men's, women's and children's footwear range, the release said.<br /><br />TIL has a pioneering presence in the finished leather business in India through its state-of-the-art leather tanning and finishing facility located at Dewas near Indore.<br /><br />TIL views footwear as a significant business opportunity with worldwide demand exceeding 3 billion pairs annually and China and India emerging as predominant manufacturing destinations, it added.</p>