Home / Knowledge / News / Rising rupee brings nightmares to leather exports
Rising rupee brings nightmares to leather exports
27
Nov '09
The rising rupee is taking its toll of exporters who are still battling the impact of the global economic crisis and one of the sectors which could be deeply affected is the leather products industry, which has a turnover of US $4 billion.

First in the line of fire when the rupee appreciates are the profit margins, which since long have been razor thin and this development has the potential to drive the profit margins of the leather export sector in to negative territory.

The leather export industry in India also has to contend with other countries like China, where the currency exchange rate is controlled by the government and which has kept a tight leash on the RMB, despite protests from other countries.

Fibre2fashion spoke exclusively to Mr Sahil Gandhi, Asst. Manager (International Marketing) at Rohit Surfactants Pvt. Ltd., Kanpur, who said that the feasible solution to this crisis is to deliver the best quality and designed products at competitive prices and generate the goodwill that the Indian market is much more reliable”.

When asked about the prospective clients in countries other than US and EU, Mr Gandhi said, “We believe that, European, US & South America markets are fully packed with a large number of sellers and now it's the time to concentrate more & more on Middle East countries”.

We than queried him about any rise in the order book position since the global markets seem to be recovering from recession, he said, “Yes, during recession, buyers buried their hands deep in to their pockets due to low demand, but now as the market has started recovering, we are expecting rise in demand and hope this financial year will end on a good note”.

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...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Tony Ward
Tony Ward

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

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