Home / Knowledge / News / Indian investors to buy US$1.5 bn Zambian leather
Indian investors to buy US$1.5 bn Zambian leather
04
Jul '11
In view of the presently rising demand for leather goods in the country, a set of Indian investors will be importing US$ 1.5 billion worth of leather from Zambia over the next five years, according to an Indian business delegation visiting Zambia.

Mr. Rafeeque Ahmed, who is heading the delegation, said that due to rising demand for leather in India, they look forward to import the same from Zambia where it was easily available.

Mr. Ahmed, who is also Chairman of Farida Group, said that the investors would work in close association with the Common Market for Eastern and Southern Africa (COMESA) to build strong partnerships by way of business tie-ups.

While speaking at a workshop on demand dissemination organized at COMESA headquarters at Lusaka, he said that such partnerships would help the industry in production of superior quality leather with the help of enhanced techniques.

He added that India is in need for extra leather to facilitate increased production of leather items and hence they need to closely work with COMESA.

Mr. Albert Mulonga, Zambia's Livestock and Fisheries Development Deputy Minister said that leather exports from Zambia had gradually grown to US$ 10.8 million in 2009 from US$ 3.4 million in 2003.

Stressing on the need to intensify the investment in value addition technologies, the Deputy Minister said that the budding leather industry in Zambia can be developed further if it is supported by value addition.

Mr. Mulonga further stated that his Ministry, together with Ministry of Commerce, Trade and Industry and other stakeholders, has recently finalised an action plan for the leather sector which is seen to guarantee growth and improve competitiveness of the industry.

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search