Home / Knowledge / News / Global slowdown does not dim prospects of Intl Leather Fair
Global slowdown does not dim prospects of Intl Leather Fair
03
Feb '09
The economic turmoil and the resultant slowdown might have affected most sectors globally, but the huge exhibitor turnout, totaling to 390 at the India International Leather Fair in Chennai, might prove most skeptics wrong, which has furthered the prospects of India as a leather manufacturing and sourcing hub.

The fair has been organised jointly by the Council for Leather Exports and India Trade Promotion Organization. Speaking at a lecture on “Options for leather industry in times of recession”, the Regional Chairman of the Council of Leather Exports, Mr Sait said that, “We have factored in a 10-15 percent fall in leather exports in the coming months.”

Mr Sait added by saying that, tanneries in and around Chennai, Kanpur, West Bengal had been affected the most as they were mainly dependent on the US markets which has borne the worst brunt of the recessionary trends.

He further said that, the priority of the US $3.5 billion Indian leather export sector was to retain its edge in the existing global markets and not loose those markets to the $25 billion Chinese leather export industry, on the pricing front.

Exports from the leather industry recorded a growth of 20 percent in the first two quarters of fiscal 2008-09, over the same comparable period of the previous fiscal year, but exports slipped drastically in the third quarter of the current fiscal, as much as 33 percent month-on-month, after the unfolding of the economic crisis.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search