Home / Knowledge / News / Leather exports recovery in India receives jerks
Leather exports recovery in India receives jerks
06
Aug '10
Once again the revival process for leather exports has come to a halt, as shipments in June fell year-on-year by 3 percent to Rs 12.66 billion, joined by the weakening euro, which is acting as a wet blanket.

Leather export sector in the country, which is a source of livelihood for over 2.5 million people, accounted for Rs 13.07 billion during June 2009.

Now, though the situation is getting better, but oscillations in the value of currency still remain as a matter of utmost concern for the industry.

Of total leather exported from India, around 60 percent goes to Europe, which for the last financial year came to Rs 161.35 billion.

Since January this year, euro in terms of rupees declined by around nine percent. This downturn of the currency was attributable to the economic slump experienced by some of the European countries like Greece, Spain and Portugal. On similar lines, leather exports too recorded a fall in 2009-10 on account of global crisis.

Nonetheless, on a low base of the previous financial year, shipments did get better during the initial two months of the year. Leather exports, then increased by 29 percent in terms of dollar during April-May. Though, this revival could not sustain for long as exports once again declined in June.

Moreover, where some of the segments including finished leather and leather goods depicted an upward move during June, few others like saddler and harness declined.

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

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...

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...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

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