Portugal’s footwear industry will invest €600 million by the end of decade

Portugal’s footwear industry is planning to invest €600 million in innovation, sustainability, qualification of companies and workers and internationalisation by the end of the decade, Paulo Gonçalves, spokesman for the sector’s association APICCAPS, has said today. Speaking in Madrid, where APICCAPS was giving a presentation, Gonçalves stressed: “We’re not particularly concerned with increasing production; on the contrary, we produce roughly 80 million pairs of shoes every year, and we’re relatively comfortable with those figures. What we want to do is optimise processes and add value to our products”. Investment money includes €140 million coming from European recovery and resilience funds.