Home / Knowledge / News / India's leather exports to grow sluggishly in FY13
India's leather exports to grow sluggishly in FY13
20
Feb '12
Owing to a slump in demand from the European markets, India's leather and leather items exports are likely to grow sluggishly during 2012-13.

India's leather sector is expected to achieve an export growth rate of 18 percent during the current fiscal, but the projected growth for the next fiscal is around 10 percent, Neeraj Kumar Gupta, Executive Director, India Trade Promotion Organisation (ITPO), said.

The sector's exports are expected to touch US$ 4.5 billon by close of this fiscal, up from last fiscal's exports worth US$ 3.8 billion. However, it would still fall short of the estimated target of US$ 4.7 billion, Mr. Gupta said while addressing a meeting held to announce the 17th International Leather Goods Fair (ILGF).

The country's leather industry is also exploring other markets like Japan, Africa, Southeast Asia, Korea and Latin America, he said.

The West Asian markets are presently influenced by Chinese leather items, which usually are machine-made, Paresh Rajda, Regional Chairman, Council for Leather Exports (CLE), said.

Till recently, Europe was India's sole largest leather export destination, but now other markets such as Latin America and the US have also started to pick up, Mr. Rajda said and added that they are also trying to penetrate in the Southeast Asian markets, which is presently dominated by Chinese goods.

India's overall leather market is estimated to be worth US$ 8 billion, with exports constituting around US$ 4.5 billion of the same. Leather shoes and footwear constitute around 47 percent of India's overall leather exports, while other leather products constitute around 28 percent of the same, Mr. Gupta said.

About 46 firms are participating in the three-day ILGF, which has been jointly organized by ITPO, CLE and Indian Leather Products Association.

Buyers from countries like Cyprus, Germany, Canada, Malaysia, Dubai and Mauritius are also attending the fair.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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