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India to introduce PLI scheme for footwear sector; may boost exports

Rajesh Kumar Singh, secretary of the department for promotion of industry and internal trade (DPIIT), recently informed the media that the government might introduce the PLI scheme for footwear, toys, and next-generation bikes. A review meeting for the scheme with various stakeholders is scheduled for June **, ****. 

At present, India&#**;s footwear exports are negligible compared to China&#**;s shipments, suggesting significant potential for growth in the market. According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, India exported footwear worth $***.** million in the first quarter of this year, slightly below the shipment of $***.** million in the fourth quarter of the previous year. India&#**;s footwear export recorded a total of $*,***.*** million last year.