Taiwanese leather companies see potential in Indian markets
16 Jan '06
1 min read
Chinese Leather Industry Association leaders have identified India as one of the largest footwear manufacturing bases in South Asia, said K Elangovan Executive Director, Council for Leather Exports (CLE).
He also informed the media that a delegation of the Chinese leather industry is to visit major leather manufacturing centres like Agra, Kanpur and Chennai of India in March.
Chinese association wants to enter Indian market through technical tie-ups. However, they are not interested in direct investments, as they offered to join hands with Indian industry to manufacture cost competitive goods, said Elangovan.
He also suspected that Chinese industry would not invest in India but Taiwanese companies based in China might select India as alternative production centre.
CLE would eye on such Taiwanese companies that are in search of new destinations, he added.
Taiwanese companies are eager to leave China as Chinese shoes manufacturers are likely to attract anti-dumping duty from the European countries.