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

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Textiles | On 20th Feb 2017

Sri Lanka's textile exports rise 2.3% in Jan-Oct '16

Exports of textiles and garments from Sri Lanka increased by 2.3 per...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

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

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 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