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

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Paolo Ocleppo
Sandvik Hyperion

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search