IFCOMA's efforts in development of the Indian Footwear Components Industry are being made in conformity to a well defined set of objectives formulated by its Executive Committee after due deliberations with its members.

• Represent the problems of Indian footwear component manufacturers and its affiliates to various government, semi-government and concerned bodies.
• Promote interaction among members for development of products of international quality to address global competition in the new liberal economic environment.
• Promote a healthy growth of the footwear component industry and its exports.
• Implement programs of continued education and specialized training in footwear component technology, commerce and management issues.
• Organize technical and laboratory assistance for members to attain highest levels of quality.
• Honour all those who contribute significantly to the growth of Indian footwear component industry.
• Promote goodwill amongst component manufacturers and government bodies.
• Arrange foreign collaborations, technical tie-ups and obtain concessions from the state and central governments for the development of the footwear industry.
• To promote the export of Indian footwear components in international markets.