With an objective to manufacture value-added leather goods for global markets, the Council for Leather Exports (CLE) is looking for new markets to import hides and skins and other raw materials.
CLE intends to send delegates to North African and Central Asian markets, as well as to markets in CIS countries to study the markets for raw material import. The council has recently taken delegates to Uzbekistan and Kazakhstan.
The leather industry of India targets to improve its production, so to amplify its exports up to $7.03 billion by 2013-14. The industry enjoys abundant raw materials as the country has around 21 percent of world cattle and buffalo and shares 11 percent of the world goat and sheep population.
But, the industry still has to import leather from other countries, in a bid to boost exports and to fulfill the requirements of some specific markets. It is essential to keep the availability of raw materials in abundance, to attain the quality and other standards of the product, so as to penetrate in to new markets.
The council is also studying new markets for leather goods export, which includes Turkey, Jordan, Latin America, Africa, East Asia and Middle East. Currently, India's major markets for leather product's export are Germany, Italy, UK, US, Hong Kong, Spain, France, Netherlands, UAE and Australia with the share of 14.12 percent, 12.82 percent, 11.48 percent, 9.98 percent, 6.61 percent, 6.09 percent, 6.14 percent, 4.13 percent, 2.38 percent and 1.55 percent, respectively.
The overall leather export of the country, as compared to the total exports made by the aforementioned 10 countries, accounts for approximately 75.3 percent. The Indian exporters still have scope to amplify their share further, in the existing markets.
Fibre2Fashion News Desk - India