Home / Knowledge / News / Three pronged approach to tackle crisis - Mr Hussain,Chief, CLE
Three pronged approach to tackle crisis - Mr Hussain,Chief, CLE
04
Feb '09
Mr Habib Hussain, Chief, CLE
Mr Habib Hussain, Chief, CLE
The 24th India International Leather fair, has despite the global economic crisis, able to line up 393 exhibitors, of which 122 are from overseas and in turn increased the prospects of the Indian leather industry, which is facing a severe crisis due to the global developments of the last few months and is witness to exports from the sector dipping by 33 percent m-o-m in the same period.

Chairman of the Council of Leather Exports, Mr Habib Hussain, has suggested a three pronged approach to tackle the crisis. He said, “First, prepare long term plans and create required infrastructure, second, provide term loans to those who have lost money due to the crisis and third, focus on the main markets of the US and EU”.

The scheme of a focus market was first raised in 2006 to offset high shipment costs and other problems faced by exporters in dealing with select global markets. Under the focus market scheme, the exporters can avail of a duty credit facility of 2.5% of the FOB (free on board) value of exports to those countries like the US and the EU which constitute 65 and 25 percent respectively of all leather exports.

Mr Hussain underlined the fact by saying that, “It is prudent to treat these countries as focus markets now”. He added by saying, “Leather exporters should concentrate on top lines rather than bottom lines and that the first priority is to not lose global customers like, Hugo Boss, Tommy Hilfiger and Coach to neighbouring China, which has a 20 percent share of global leather exports”.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh P Bagrecha

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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