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Mandatory BIS Compliance for Footwear
The Indian government, in consultation with the footwear industry, has made an important decision regarding the implementation of mandatory quality standards for footwear. This move aims to ensure the production of high-quality footwear, boost exports, and establish Indian brands in global markets. The deadline for compliance with these standards, known as the Bureau of Indian Standards (BIS), is set for July 1, bringing all stakeholders, including micro, small, and medium enterprises (MSMEs), under its ambit.
Bringing MSMEs into the Ambit
Previously, MSMEs in the footwear sector were not subject to these mandatory quality standards. However, in a recent development, it has been decided to include MSMEs within the scope of the BIS compliance. This will help foster a culture of quality consciousness and accountability across the industry, promoting the production of superior footwear products.
Extended Compliance Timeline
Acknowledging the unique challenges faced by different categories of businesses, the government has provided a grace period for compliance. Small industries with an annual turnover of less than Rs 50 crore and an investment of Rs 10 crore will have an additional six months to comply, with the deadline set for January 1, 2024. Similarly, micro units, with an annual turnover of less than Rs 5 crore, will have until July 1, 2024, to adhere to the quality standards.
Benefits of Mandatory BIS Compliance
The decision to enforce BIS compliance on footwear will have far-reaching benefits for the industry. Firstly, it will ensure the production of high-quality footwear that meets stringent standards, instilling confidence in consumers and enhancing customer satisfaction. Secondly, the focus on quality will open doors to increased exports, allowing Indian footwear brands to make their mark in global markets. This will contribute to the growth of the industry and the Indian economy as a whole.
Promoting Indian Brands Globally
By complying with the mandatory quality standards, Indian footwear manufacturers can establish themselves as reliable and trustworthy brands in the international arena. The adherence to BIS norms will strengthen the reputation of Indian footwear for its quality, craftsmanship, and durability. This will pave the way for increased global recognition and market penetration, ultimately leading to improved competitiveness and growth.
The decision to make BIS compliance mandatory for the footwear industry is a significant step towards ensuring the production of high-quality footwear in India. With the inclusion of MSMEs and a grace period for compliance, the government has taken into account the unique needs and challenges of different businesses. This move will enhance the industry’s reputation, increase exports, and position Indian brands on a global platform. Ultimately, this will contribute to the growth and competitiveness of the footwear industry, benefitting both manufacturers and consumers alike.