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".
Uttarakhand: Congress only appeases, cannot do any welfare work: Amit Shah
Union Home and Cooperation Minister and former BJP National President Amit Shah arrived in Uttarakhand on Saturday to launch the party's election campaign. Here Shah has also launched the state
Eight Home Guards arrested after mass cheating
Patna, March 20 (IANS) Eight Home Guard personnel were arrested on Friday on charges of helping students to copy in the Class 10 board examination in Bihar's Saharsa district, officials said.It was
Delhi Murder: 'It is very bad' Poonam used to tell the crowd when her husband Anjan Das's organs were found, Deepak was also with her
Poonam, who murdered her husband along with her son and threw the dead body into pieces, used to join the crowd along with her family as a spectator when the organs were found and also expressed
Cricket makes contribution for Vanuatu cyclone victims
Wellington, March 19 (IANS) Following the recent natural catastrophe caused by Cyclone Pam which ravaged the island nation of Vanuatu, the International Cricket Council (ICC) on Thursday said it
Army's havoc on protest against coup in Myanmar: Village of pro-democracy monks set on fire, remnants of destruction left near Golden Stupas
The village of pro-democracy monks was set ablaze by the Myanmar army last year in 2021. This is because the people of this village are anti-military junta and pro-democracy. In retaliation, the army
India's maritime awakening? Modi endorses a Blue Revolution (Comment)
The three island-nation trip that took Prime Minister Modi to Seychelles, Mauritius and Sri Lanka in mid-March may well mark the beginning of India's long-overdue maritime awakening. For a nation so
Coronavirus Updates: Corona cases reduced in the country, 2119 new cases in 24 hours; Close to 25 thousand active patients
Corona cases have decreased again in the country. The Health Ministry said that in the last 24 hours, there has been a slight relief in the cases of corona infection. In a single day, 2,119 new cases
IPL 2021: Glenn Maxwell reveals the secret, why RCB are succeeding
SRH vs RCB: Glenn Maxwell, who played a key role in the Royal Challengers Bangalore win against Sunrisers Hyderabad at the MA Chidambaram Stadium in Chennai, says his role in the RCB team is similar
CUET 2022: Where and for what level questions will be asked in CUET and for how long will the admit card be issued, know here
The Common University Entrance Test (CUET) is being conducted by the National Testing Agency (NTA) from this year onwards for admission to the central universities of the country. However, keeping in
RSS: Will RSS be able to achieve this impossible goal? Sangh's big plan regarding UP-Bihar
Keeping in mind the next Lok Sabha elections, the opposition has also started throwing its dice. While Congress leader Rahul Gandhi is trying to increase his acceptability through Bharat Jodo Yatra,
