Indian leather and footwear businesses have only recently discovered Viet Nam is a huge market while their Vietnamese counterparts import massive quantities of leather but little from India. But things have been changing in recent times, with Indian leather and footwear exports to Viet Nam increasing steadily. The Indian footwear market is estimated to be worth US$6.5 billion now and expected to rise to $12 billion by 2020. Indian companies see great opportunity in the Vietnamese market, he added. Rafeeque Ahmed, chairman of India's Council for Leather Exports, in turn urged Vietnamese footwear companies to grab the opportunity that India, with its huge market, offers.

Source: VietNamNet News July 16, 2016 03:00 UTC