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Leather segment to generate 70% of industrial growth by 2015
28
Jun '10
Morocco's leather industry mainly comprises of three main activities, footwear, leather-made apparels and goods and tanning & thawing. While the shoe segment is the most important sector of the industry, mainly focusing towards exportation; leather-based apparels and products functionaries are more focussed towards the domestic markets.

Leather industry of the industry has immense potential for exports. Being a significant part of the Emergence Plan, the industry is counted as one of 8 Moroccan global business ventures, which should ideally produce 70 percent of the industrial growth by 2015 to attain three objectives namely, initiate growth, generate strong industrial segment and combine inflow of foreign currencies. It is already part of the National Pact for an Advanced Industry, which is adopted by the government.

Development plan for export chances; adjustment plan for actors with respect to development of export market; plan for hard-line development on the national market; modernisation system for firms functioning within the segment; training program based entirely on the industry and finally improving condition in the industry are the six objectives aimed at creating a positive environment for investment. All these are supposedly to aid the leather and textile industries to improve their respective potentials.

Leather industry has been the conventional industry of Morocco since 1980s and as of today plays a key role in the country's economy.

In 2008, leather industry registered production of about 227.23 million Euros, thereby, getting its share in the net production of transformation industry to 0.8 percent.

The shoe industry is the first segment, contributing 80 percent (65.9 million Dirhams-DH). While leather-based apparels and products contribute about 9 percent (8.8 million DH) and tanning & thawing section is worth about 7.6 million DH

Fibre2Fashion News Desk - India

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