The government intends to expand the IFLADP incentive programme to include leather items and footwear

6th September 2021, Mumbai:

The Indian Footwear Leather and Accessories Development Programme for leather and footwear is likely to be extended till 2025-2026 by the government in order to promote employment, production, and exports.

According to the Press Trust of India, the Union Government plans to invest further Rs 1,700 crore ($255.5 million) on the IFLADP throughout the course of its expanded time span. The Ministry of Commerce and Industry has previously proposed that the programme be implemented through the financial year 2026. 

The ministry's plan has been accepted by the spending budget committee, and it now has to be approved by the Union Cabinet before it can be implemented. From the financial years 2018 to 2020, the IFLADP was approved and implemented for the first time. The programme built infrastructure in the footwear and leather products industries, which resulted in job creation in those areas. In conjunction with this initiative, the government has identified the leather products and footwear industries as businesses potential of delivering considerable economic growth, particularly in terms of exports.

The initiative is divided into six sections, one of which is a strategy to promote Indian brands in the leather and footwear industries. The programme seeks to transform local companies into global powerhouses by promoting ‘Make in India' brands both within India and abroad, with a total investment of Rs 100 crore.

Sustainable technology, building institutional infrastructure, and developing design studios are some of the other components of the IFLADP.

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