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".
Pushpa 2 Box Office Day 1: Pushpa 2 Box Office Collection, the film earned crores within a few hours of its premiere
Allu Arjun and Rashmika Mandanna's much-awaited film Pushpa 2 The Rule has been released and is earning a lot. Talking about Pushpa 2 Box Office Collection Day 1, Allu Arjun starrer Pushpa 2: The Rule
America became India's largest trading partner in 2022-23, with China at number two; These countries are included in the top 5
America has emerged as India's largest trading partner in the financial year 2022-23. The increase in trade between the two countries comes at a time when ties between the US and India have grown
Tamil Nadu stampede case: Supreme Court to hear today, Madras High Court order challenged
The Supreme Court will hear a petition filed by Tamil actor Vijay's political party, Tamilaga Vetri Kazhagam (TVK), on Friday. The petition challenges the Madras High Court's order directing the
Entry of 5 states including Madhya Pradesh and Maharashtra to Delhi only when the corona report will be negative
The Delhi government has become alert because of the increasing cases of corona in the country. Now people going to Delhi from 5 states will be required to show the Corona Negative Report. People
The corporate world lost 'Nagina', Keshab Mahindra, former chairman of Mahindra Group breathed his last at the age of 99
Famous industrialist of the corporate world and former chairman of Mahindra & Mahindra Keshub Mahindra passed away this morning. He took his last breath at the age of 99. INSPACe Chairman Pawan K
PM Modi said - 2022 election results have decided the results of 2024, it signals the end of family politics
Although the election of five states was already considered as the semi-final of the next general election, after announcing the results on Thursday, Prime Minister Narendra Modi himself linked the
CBI probe ordered into IAS officer's death
Bengaluru, March 23 (IANS) The Karnataka government on Monday ordered a CBI inquiry into the death of IAS officer D.K. Ravi here a week ago, which triggered public outrage after police termed it
PM Modi: PM Modi touched the feet of Padmashree Drona Bhuyan at Rashtrapati Bhavan, social media users said - won hearts
Padma Award winners were honored at Rashtrapati Bhavan on 22 April. During this time, a video of PM Modi has surfaced, in which he is touching the feet of Drona Bhuiyan, who was honored with the Padma
Bigg Boss OTT 3: The birth of a son changed Ranveer Shorey's life, on Haroon's custody he said- he is with me half the time
Actor Ranvir Shorey is currently seen in Bigg Boss OTT 3. In the show, he is seen talking about his personal life. In the new episode of the show, Ranvir Shorey is getting quite expressive with the
Pooja Khedkar: Pistol and cartridges seized from Pooja Khedkar's mother's house, father gets conditional bail from court
The troubles of trainee IAS Pooja Khedkar, who is surrounded by controversies, are not decreasing. The Union Public Service Commission has registered an FIR against Pooja Khedkar. Now the rural police
