Home / Knowledge / News / Leather industry needs to explore potential opportunities
Leather industry needs to explore potential opportunities
07
Jul '09
Economic growth in India is very impressive putting it in the global spotlight. Industry analysts predict that with this momentum of growth, the country will be the third largest economy by 2040.

The post liberalization era has opened new opportunities for the Indian leather industry, making it to gain a bigger share in the pie. Leading brands from US and EU are importing or planning to source leather and leather products from India.

Leather industry occupies a major place in the Indian economy, ranking one among the top ten export revenue generators of the country. It generates employment opportunities for 2.5 million people, including employment to weaker and minority people comprising about 30%.

The strength of the Indian Leather industry depends on factors like availability of abundant and cheap manpower; hefty raw material base; continuous emphasis on product development and design up gradation.

With plethora of opportunities like rising potential in the domestic market; application of various resources of information technology and decision support software will help eliminate the length of the production cycle for different products.

Still some weaknesses like lack of warehousing support, price fluctuation in the global market, and lack of understanding of the international standards hinder the growth of the industry.

Deeper problems should be taken care of to achieve the expected growth and to utilize the industrial resources to its fullest extent.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

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

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

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

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