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".
SRH vs CSK: 'I wouldn't like to bowl to him', which batsman is Pat Cummins scared of?
Sunrisers Hyderabad defeated Chennai Super Kings by 6 wickets with 11 balls remaining in the 18th
Death sentence against law, Yaqub Memon to SC
New Delhi, March 11 (IANS) Yaqub Abdul Razak Memon, the mastermind of the 1993 Mumbai serial bo
Rakhi Sawant, the ex-contestants of the reality show Bigg Boss 15, has separated from her husband
Huge discount on iPhone 12 Mini, chance to buy just 33 thousand rupees!
Apple iPhone 12 Mini Discount Offer: Apple has recently launched its latest iPhone series 13, whi
Famous Bollywood actress Aishwarya Rai Bachchan has knocked on the door of the Delhi High Court.
Coronavirus,updates: Haryana govt declares COVID-19 an epidemic
वायरल कोरोनावायरस महामारी ने दुनिया
Mumbai Indians defeated Sunrisers Hyderabad by four wickets due to the excellent performance of t
Micromax IN Note 2 Features: Smartphone maker Micromax has launched another smartphone of its Not
Biden's warning to China: Said- If China attacked Taiwan, be ready for US military action
For the first time, US President Joe Biden has given an open warning to China, which is trying to
The Tata Group's board has re-appointed N Chandrasekaran as the chairman of Tata Sons for five ye
