Interviews
Leather exports to touch $5.4 billion by 2014
26 Aug '11
4 min read
According to the suggested roadmap for leather industry, it has been projected that footwear would continue to be the largest segment of exports constituting about 56% of the total exports.
A number of footwear companies from South East Asia and Europe are increasingly looking to set up their manufacturing facilities in India. In essence, there are vast opportunities for India to increase footwear exports.
Most of the producing countries are developing countries, while developed markets such as the US are major consumers of leather products. The industry is buyer-driven, with producing countries manufacturing in line with specifications, guidelines and technical advice provided by the buyer countries.
The Indian Leather Industry occupies a place of prominence in the Indian economy in view of its substantial export earnings, employment generation and growth. This sector is known for its consistency in high export earnings and it is amongst the top ten foreign exchange earnings for the country.
India has the largest livestock population in the world with 21% of world cattle and buffalo and 11% of world goat and sheep population. Added to this are the strength of skill manpower, innovative technology, increasing industry compliance to international environment standards and the dedicated support of the allied industries.
Mr Rawat further added that women employment is pre-dominant in leather products sector with about 30% share. Though India is the second largest producer of footwear and leather garments in the world, India accounts for a share of close to 3% in the global leather import trade of US$ 115.58 billion (2009).
A number of footwear companies from South East Asia and Europe are increasingly looking to set up their manufacturing facilities in India. In essence, there are vast opportunities for India to increase footwear exports.
Most of the producing countries are developing countries, while developed markets such as the US are major consumers of leather products. The industry is buyer-driven, with producing countries manufacturing in line with specifications, guidelines and technical advice provided by the buyer countries.
The Indian Leather Industry occupies a place of prominence in the Indian economy in view of its substantial export earnings, employment generation and growth. This sector is known for its consistency in high export earnings and it is amongst the top ten foreign exchange earnings for the country.
India has the largest livestock population in the world with 21% of world cattle and buffalo and 11% of world goat and sheep population. Added to this are the strength of skill manpower, innovative technology, increasing industry compliance to international environment standards and the dedicated support of the allied industries.
Mr Rawat further added that women employment is pre-dominant in leather products sector with about 30% share. Though India is the second largest producer of footwear and leather garments in the world, India accounts for a share of close to 3% in the global leather import trade of US$ 115.58 billion (2009).
Associated Chambers of Commerce and Industry of India (ASSOCHAM)
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