War in Gulf: Shoe soles to apparels, input costs surge, labour shortage hurting now
Indian Express·2h ago·Fear
What Happened
West Asia conflict has forced Indian footwear and textile manufacturers to reduce operations. Polyurethane costs jumped 50%, pushing overall production expenses up 10-40%. Footwear sole costs rose 30%. Labour shortages emerged as workers returned home due to cooking gas shortage. Companies cannot pass increased costs to buyers. India's 4.42 million footwear workers face reduced capacity and hours.
Key Entities
West Asia WarNoidaEss Aar UniversalSudhir RustagiFarida GroupMeenu CreationPolyurethanePETStrait of HormuzIndian footwear industryIndian textile industry