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Time of India
09-08-2025
- Business
- Time of India
Trump's tariffs leave India's non-leather shoemakers footsore; global biggies brace for Make in India pain
India's non-leather footwear industry in Tamil Nadu, buoyed by investments from global giants like Nike and Adidas, faces a significant threat from a potential 50% US tariff. This looming tariff has prompted companies such as Crocs and Nike to consider pausing new export orders from India to the US. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As India's non-leather footwear industry in Tamil Nadu welcomes substantial investments from global brands like Nike, Puma, Crocs, and Adidas, a significant concern looms over the industry -- the potential implementation of a 50% tariff by the United States. This tariff is seen as a substantial threat to the competitiveness of Indian exports, already strained by a previous 25% tariff that has pushed many brands to reconsider their manufacturing locations, The Times of India reported on August to sources cited in the story (by Asmita Dey), companies such as Crocs and Nike are contemplating a pause on new export orders to the US from India, pending further developments in trade discussions between the two apprehension is palpable -- if the tariff increases to 50%, it could effectively halt business activities for many exporters. An industry insider told ToI that the shift of orders to countries like Vietnam is a very real the apparel sector, the situation appears similarly dire. US retailers are reportedly urging exporters to move their production to alternative locations, particularly Bangladesh and Banerjee, managing director at Pearl Global , a cloth manufacturer supplying major US brands, noted that while existing orders are unaffected, the prospect of a 50% tariff would render US production half of Pearl Global's production is destined for the US, and the looming tariff could push their operations to other the uncertainty, there are indications that not all brands are reconsidering their long-term strategies in India. Many are adopting a wait-and-see approach, intending to make decisions based on the outcome of trade discussions later this Ganapathi, managing director and vice chairman at Gokaldas Exports , told the newspaper that the company has begun diversifying the markets where it sells, adding that the FTA with UK will be a major help.
Economic Times
09-08-2025
- Business
- Economic Times
Trump's tariffs leave India's non-leather shoemakers footsore; global biggies brace for Make in India pain
Synopsis India's non-leather footwear industry in Tamil Nadu, buoyed by investments from global giants like Nike and Adidas, faces a significant threat from a potential 50% US tariff. This looming tariff has prompted companies such as Crocs and Nike to consider pausing new export orders from India to the US. ANI India's footwear industry (Image for representation) As India's non-leather footwear industry in Tamil Nadu welcomes substantial investments from global brands like Nike, Puma, Crocs, and Adidas, a significant concern looms over the industry -- the potential implementation of a 50% tariff by the United States. This tariff is seen as a substantial threat to the competitiveness of Indian exports, already strained by a previous 25% tariff that has pushed many brands to reconsider their manufacturing locations, The Times of India reported on August to sources cited in the story (by Asmita Dey), companies such as Crocs and Nike are contemplating a pause on new export orders to the US from India, pending further developments in trade discussions between the two apprehension is palpable -- if the tariff increases to 50%, it could effectively halt business activities for many exporters. An industry insider told ToI that the shift of orders to countries like Vietnam is a very real the apparel sector, the situation appears similarly dire. US retailers are reportedly urging exporters to move their production to alternative locations, particularly Bangladesh and Vietnam. Pallab Banerjee, managing director at Pearl Global, a cloth manufacturer supplying major US brands, noted that while existing orders are unaffected, the prospect of a 50% tariff would render US production unviable. Currently, half of Pearl Global's production is destined for the US, and the looming tariff could push their operations to other the uncertainty, there are indications that not all brands are reconsidering their long-term strategies in India. Many are adopting a wait-and-see approach, intending to make decisions based on the outcome of trade discussions later this Ganapathi, managing director and vice chairman at Gokaldas Exports, told the newspaper that the company has begun diversifying the markets where it sells, adding that the FTA with UK will be a major help.
Time of India
15-05-2025
- Business
- Time of India
Border businesses buzz again as India, Pak bring themselves back from brink of all-out war
After a tense week in the shadow of war, businesses along the India-Pakistan border are returning to normalcy with the two sides having decided to halt military operations, The Times of India reported on May 15. Many businesses are reopening and employees are gradually returning to their workplaces in these regions. However, companies that have extensive manufacturing and operational processes are proceeding with caution, ensuring they can adapt quickly and implement safety protocols if necessary. They are closely monitoring instructions from local authorities as well as the prevailing conditions in the area, ToI's report (by Asmita Dey) said. Despite the ceasefire, reports indicate that there were instances of drone intrusions in several border regions on Monday night, which led to power outages in locations such as Amritsar. Mother Dairy has announced that its operations are fully functional at this time, though it remains vigilant. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo 'We are engaged in procurement, processing, and sales across selected markets in the bordering states of Gujarat, Rajasthan, Punjab, and Jammu & Kashmir. In light of the unfortunate events last month and the subsequent developments, we promptly communicated advisories to our teams, emphasizing their safety and adherence to local authority guidelines. As the situation continues to unfold, we are keeping a close eye on developments and remain optimistic for improvements,' said Manish Bandlish, the managing director of Mother Dairy, in conversation with TOI. Manufacturing facilities generally operate on a three-shift schedule. Following the escalation of tensions between the two nations last week, several FMCG companies temporarily halted their night shifts. Dabur , which had paused night operations at its factory in Jammu, confirmed that all shifts are now back in operation and that its outstation employees have returned to work. Live Events 'We discontinued night shifts and adjusted office hours so that employees could leave early and reach home before it got dark. It was only a brief period, and everything has returned to normal now,' Deepshikha Thakur, Chief People Officer at Bikaji Foods International , told the newspaper. LT Foods , known for its Daawat brand, operates two manufacturing facilities in Punjab—one in Bhikhiwind and the other in Varpal—which are both currently running at full capacity, according to CEO and MD Ashwani Arora. 'While there is still a general sense of apprehension among the people, operations are largely normal. From a business perspective, we are somewhat insulated, as 65% of our revenue is generated from exports,' Arora noted.
