Walkaroo to set up manufacturing unit in Rajasthan to tap northern market

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 we manufacture is polyurethane synthetic. In our new factory in Rajasthan, we will be producing rubber hawai (slippers) which will cater to markets like Bihar and Uttar Pradesh," he told PTI. Elaborating, he said, "The new factory is under process. We will be manufacturing the rubber hawai ...

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