Walkaroo to set up manufacturing unit in Rajasthan to tap northern market ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 35
Noted footwear brand Walkaroo International Ltd is setting up a new greenfield manufacturing facility in Rajasthan at an investment of Rs 70 crore as it plans to strengthen presence in the northern market, according to a company official. With two-thirds of the revenue contributed from the southern region, the company expects to garner a topline of Rs 2,100 crore during the current financial year, Walkaroo International Ltd Director Rajesh Kurian said on Sunday. According to him, the Coimbatore-based company reaches out to 1.5 lakh retail outlets through its 750 distributors. "We have close to 5 per cent market share in the footwear market and we are at the bottom of the pyramid market. What

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