Relaxo Footwears is planning to invest Rs 150 crore in the current fiscal (FY21) to set up a new manufacturing facility in Bhiwadi amid growing demand for open footwears such as slippers and sandals in the backdrop of the COVID-19 pandemic. Open footwears account for about 80 percent of the company’s total turnover. The company said demand for closed footwears has been affected but it expects its pick-up going forward due to the onset of winter.
Relaxo is one of India's most quality conscious and progressive footwear companies. Headquartered in Delhi, India, it maintains a fine combination of comfort, style and workmanship and is embarking upon appreciable growth plans for the future.
