Farida Group to Make Foray Into Bangladesh

Shoes & Accessories - - The Month That Was -

Chen­nai-based Farida group is plan­ning to make a foray into the Bangladesh mar­ket. “We have started the spade work and the fac­tory should be ready in Bangladesh by March 2019,” said Rafeeque M. Ahmed, chair­man, Farida group. “Our goal is to be­come a global player.”

The new fac­tory, com­ing up in Dhaka, will be spread over 1,00,000 sq.ft. The fa­cil­ity would pro­duce 3,000 pairs of shoes a day.

The group, which boasts of an ex­port turnover of ` 1,600 crore, has pres­ence in 17 coun­tries, in­clud­ing Ger­many, Eng­land, South Asia, China, Ja­pan, South Africa and Malaysia.

“In China and Ja­pan, we have mar­ket­ing and sales of­fices. Very soon, we will be en­ter­ing Korea too,” he said.

The ` 1,700-crore group, the mak­ers of in­ter­na­tional brands such as Clarks, Rock Port, Hush Pup­pies and Flor­sheim, has six shoe­mak­ing fac­to­ries in Am­bur in Tamil Nadu, two in Chen­nai and one in West Ben­gal. It has two tan­ner­ies in Am­bur and one in Ethiopia. The In­dian fac­to­ries pro­duces over 30,000 pairs of shoes per day. Nearly 95% of its pro­duc­tion is ex­ported.

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