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

Pic: Poshmark

E-commerce | On 29th Sep 2020

Used clothing platform Poshmark files to go public

Poshmark, an online resale marketplace for second-hand clothing,...

Pic: Neiman Marcus

Retail | On 29th Sep 2020

Neiman Marcus Group completes Chapter 11 process

Neiman Marcus Holding Co. has announced emerging from voluntary...

Pic: Shutterstock

Textiles | On 29th Sep 2020

Indorama Ventures posts H1 FY20 revenue of $5.28 bn

Indorama Ventures Limited (IVL), a global chemical producer, has...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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

Leave your Comments


September 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search