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

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Top executives
Textile industry

It will take some time for the people to change their buying choices

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

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

Suresh P Bagrecha

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

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

Amiben Shroff
Shrujan

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

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