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Leather industry occupies a prominent place in the Indian economy
in view of its major potential for employment, growth and exports.
The industry employs around 2 million people, directly and indirectly.
Read on and judge for yourself why India is the preferred nation for
leather and leather products.
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Manpower : |
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India offers an abundant supply of cheap labor. In the leather sector
there exist a number of well equipped training institutes which work
in close collaboration with reputed foreign institutions, imparting
education in various facets of leather manufacture and leather
products. Add to this, India's traditional stronghold - embroidery,
handcrafting etc. - and you get a workforce that is skilled and
educated.
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Industry Strengths : |
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There exists a large raw material base in India. The annual
availability of 218 million (in 2000) pieces of hides and skins is the
main strength of the industry. Some of the goat/sheep/calf skins
found in India are regarded as specialty products commanding a good
market. Skills in traditional tanning, finishing and manufacturing of
products is the other factor for the comparative advantage for India.
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Export Potential : |
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The leather industry is one of the major foreign exchange earners of
the country recording a significant growth since the beginning of the
decade. Today the share of value-added finished products in the total
exports figure from the leather sector is 80% as compared to 20% in
the 1970s. The exports from the leather sector constitute 7% in the
country's entire exports. Due to this reason there has been increasing
emphasis on its planned development, aimed at optimum utilization of
available raw materials for maximizing the returns, particularly from
exports.
All these indications from India are quite clear and are an attraction for
foreign buyers/manufacturers who intend to increase the returns on
their investments.
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Other Advantages : |
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India adheres to WTO standards, therefore there is
no
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exploitation
of labor.
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There is no child labor.
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Cargo mobility is very smooth as the country has 4 major
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sea
ports and more than 7 international airports. All major airlines
fly daily and major shipping lines depart weekly to destinations
around the world.
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India boasts of a multilingual society and has English
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business language.
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Flexibility—Minimum order quantities in India is only
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90pcs per color
compared to China
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Faster Deliveries—Indian exporters are prompt in
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their deliveries and send our shipments fast even on
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short notice
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Variety- unlike China, Indian exporters do not have
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a limited variety of leathers and colors. We, in India,
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have a huge range of qualities and colors to suit all
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buyers,
moods and seasons.
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The leather industry is
one of the major foreign
exchange earners of
the
country constituting 7%
in the country's entire
exports. |
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