Top Searches
Advertisement

Lehar Footwears Secures Rs. 29.3 Million Capital Subsidy Under Government’s Footwear Development Scheme

Updated: July 08, 2025 18:58

Image Source: Business Upturn
Lehar Footwears Ltd has received formal approval from the Government of India for a capital subsidy of Rs. 29.3 million, marking a significant boost to its manufacturing and design capabilities. The subsidy falls under the Indian Footwear and Leather Development Programme (IFLDP), aimed at modernizing domestic production and enhancing global competitiveness.
 
Key highlights of the subsidy approval
  • The Rs. 29.3 million capital subsidy will support infrastructure upgrades, machinery acquisition, and design innovation at Lehar’s Jaipurbased facility
  • The approval was granted under the Design Studio subscheme of IFLDP, which promotes indigenous design and product development in the footwear sector
  • Lehar Footwears is among the few midsized players to qualify for this round of funding, reflecting its compliance with ISO and BIS standards
Strategic impact and operational outlook
  • The subsidy will be used to expand Lehar’s production capacity for PU and EVA footwear, targeting both domestic and export markets
  • It enables the company to integrate automated cutting, stitching, and molding technologies, reducing turnaround time and material wastage
  • Lehar plans to launch a new product line focused on ecofriendly and ergonomic designs, leveraging the design studio grant
Market sentiment and growth trajectory
  • Analysts expect the subsidy to improve Lehar’s EBITDA margins and support its goal of becoming a onestar export house
  • The move aligns with Budget 2025’s push to create 22 lakh jobs and Rs. 4 lakh crore turnover in the leather and footwear sectors
Sources: Ministry of Commerce & Industry, Economic Times, Lehar Footwears official website.

Advertisement

STORIES YOU MAY LIKE

Image Source: Business Today
Trump’s Tariff Blitz: August 1 Marks the End of Trade Negotiation Games
Image Source: Politico
Tariffs Take Center Stage: U.S. Treasury’s Windfall Sends Global Ripples
Image Source: The Economic Times
From Cart to Kitchen: FSSAI Demands a Clean Plate from Online Food Sellers
Advertisement
Image Source: LinkedIn
Market Makeover: Share India Securities Acquires a Slice of MSE for ₹300 Million
Image Source: Business Today
Prime Time for Speed: Amazon Now’s 10-Minute Blitz Shakes Up Delhi’s Grocery Game
Image Source: Moneycontrol
Pre-Wedding Shoots Outlast Marriages? ₹5,000 Cr Man Has Thoughts
Image Source: Youtube
Ready to Game? Infinix Hot 60 5G+ Launches July 11 with Smart Features and Slick Design
Advertisement
Live Blogs
SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs
Thrill-Seekers Assemble: APTDC Flooded with 130 Adventure Tourism Applications
Level Unlocked: Good Game Becomes World’s First As-Live Global Gaming Reality Show
From Devotion to Dynamite: Ganesh’s Mighty Avatar Steals the Show in Yours Sincerely, Raam
Top Stories
Image Source: Business Standard
Heavy Metal Meets Net-Zero: Tata Steel’s Game-Changer Hits Welsh Soil This Month
Image Source: Reuters
Banking on Balance: RBI’s ₹1 Trillion Auction Set to Reshape Money Markets
Image Source: Fortune India
Bulls on Parade: SEBI’s IPO Greenlight Sparks Market Mania, WeWork India Steps Out of the Shadows
Image Source: Newsweek
The Art of the Military Deal: Trump Tags Allies with a Hefty Price
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine