Woodland plans expansion

The Financial Express reports that Indian footwear company Woodland will be expanding its production capacity and opening 60-70 new stores in the next two years. According to Harkirat Singh, Managing Director of Woodland Shoes,

"Demand for our products has grown in the past few years. We would invest about Rs 10 crore to set up three new facilities in Uttaranchal to cater to the increased demand."

The company has a capacity to produce 6,000 shoes per day at present and by 2007 end will be able to increase it to 10,000-12,000 shoes per day. Woodland will be opening 60-70 new stores in metros and tier I cities. The company is also looking to increase its apparel and accessories brands, doubling production capacities from 3,000 pieces to 6,000 pieces per day.