Shares of Indian leather and footwear companies rose in trade on Saturday, February 1, 2025, after Finance Minister Nirmala Sitharaman proposed a Focus Product Scheme for the sector during the Budget 2025.
Companies such as Liberty, Superhouse, Relaxo, Khadim, Mirza International, Supertannery, Lehar Footwear, Bhartiya International, Amin Tannery, Metro Brands, Campus Activewear, and Bata India saw significant gains following the announcement.
The proposed scheme focuses on design innovation, component manufacturing, and upgrading production machinery, aimed at improving efficiency and product quality. It is also expected to create 2.2 million jobs and generate over ₹4 lakh crore in revenue, with exports projected to rise by ₹1.11 lakh crore.
