Kolkata, March 14 (IANS) Notwithstanding Indian finished leather exports surging by over ten percent during April-November 2014, an industry official says the domestic makers need to build their own brands rather than selling finished leather abroad or going for contractual manufacturing.
"Personally, I wish contractual manufacturing decreases and Indian companies come up with their own brands rather than produce the goods for a third party", Adhar Sahani, chairman of trade show committee of Indian Leather Products Association told IANS here.
The leather exports industry overall grew by 18.5 per cent at Rs. 26,940 crore during April-November 2014 against the previous year's performance of Rs. 22,729 crore.
According to the veteran leather industry official, the Europe-bound export scenario is not conducive as the Euro is falling against the Rupee leading to decreased margins. The trade embargo on Russia is also hitting the supply.
"Russia is a brand-conscious market and prefers European brands. Now, with the embargo on Russia in place, the demand for finished leather (from India) is falling", he said.
Asked if Indians can directly export to brand-conscious Russia, he said: "India first needs to build its world-class export brands to take on the established global players".
Indians are becoming brand-conscious nowadays. Companies are focusing on offering the best quality to meet global standards which is "encouraging" for the leather industry, he added.
Sahani said Indian leather goods makers need to build their "own brands" now as Indian leather holds a coveted place in the international market.
However, he said finance would be the biggest challenge for the industry.
"What the industry needs are angel investors willing to put money in ventures aiming to become global brands", he said.
When asked about the possibility of the recent beef ban in Maharashtra hitting leather supplies, he said, "It will have no impact".
Government of Jharkhand in preparation for giving unemployment allowance if not 100 days of employment in a year
Workers living in the cities of Jharkhand will also get guaranteed employment for 100 days in a year. Unemployment allowance will be given if the government cannot provide employment. The State
Bangladesh Violence: 'His tongue opens only on Palestine...', Giriraj Singh lashed out at Owaisi's silence on Bangladesh violence
Union Minister and senior Bharatiya Janata Party (BJP) leader Giriraj Singh has taken a dig at the opposition's silence on the Bangladesh violence. He attacked not only the big leaders of the India
'Don't give a gun license to Salman Khan', Bishnoi community put forward demand in front of police
Bollywood star Salman Khan's troubles do not seem to end. Now the Bishnoi community has requested Maharashtra Police not to issue a revolver license to Salman Khan. Environment-loving Bishnoi
Mumbai Indians lost 8 consecutive matches: Became the first team to do so in any season, it was very difficult to reach the playoffs
Mumbai Indians became the first team to lose the first 8 matches of any IPL season with a crushing 36-run defeat at the hands of Lucknow Super Giants. This season has been like a nightmare for MI who
Srinagar encounter will be investigated: Wife of doctor killed in encounter seeking justice with a one-year-old daughter, said- if the husband was a terrorist then give proof
Four people died in an encounter that took place on the evening of 15 November in Srinagar. The name of one of those killed is Dr. Mudassir Gul. According to the police, Dr. Gul was working as an
Eye Flu: Cases of Eye Flu and Hepatitis A, and E are increasing in Delhi-NCR, keep yourself safe in these ways
Eye Flu: Conjunctivitis, also known as eye flu, is an infection of the eyes that spreads rapidly from person to person. Maintaining a safe distance from people who are infected with this infection is
Ind vs WI T20: India looking to win T20 series after ODI against West Indies
In the first T20 match against West Indies, Team India coach Rahul Dravid and captain Rohit Sharma did many experiments together. It was also necessary to test my bench strength. The second Iyer, who
Abu Azmi: Big action against Abu Azmi, suspended from the assembly in the matter of comment related to Aurangzeb
Major action has been taken against Samajwadi Party MLA Abu Azmi in Maharashtra. He has been suspended from the current session of the Assembly in the matter of comment related to Aurangzeb. Earlier,
Kalki 2898 AD Box Office Day 22: 'Kalki' rocked the box office, and achieved this milestone before the weekend
Prabhas' mega budget film 'Kalki 2898 AD' has continued its strong performance and has achieved another milestone at the box office. The film surprised everyone by earning Rs 600 crore in India on
Corona War: 110 minibusses converted into ambulances in Haryana, 25 Volvo will also be built
The Haryana government has stepped up efforts to stop the spread of corona in villages. Under this, 110 ordinary minibusses of roadways have been converted into ambulances. Apart from this, 25 Volvo
