Indian Leather Industry Positioned For Growth
BUSINESS ECONOMICS|February 1-15, 2019

The Indian leather industry, with an annual turnover of over $12 billion, has recorded a cumulative annual growth of about 3.09% in the last five years.

Nikhil Raghavan
Indian Leather Industry Positioned For Growth

“India is the second largest producer of footwear and leather garments in the world,” said P. R. Aqeel Ahmed, the newly elected Chairman of the Council for Leather Exports (CLE). “We are also the second largest exporter of leather garments and third largest exporter of saddle and harness in the world.”

The major Indian production centres for leather and leather products are located in the states of Tamil Nadu – Chennai, Ambur, Ranipet, Vaniyambadi, Vellore, Pernambut, Trichy, Dindigul and Erode; West Bengal – Kolkata; Uttar Pradesh – Kanpur, Agra, Noida, Saharanpur; Maharashtra – Mumbai; Punjab – Jalandhar; Karnataka – Bangalore; Andhra Pradesh – Hyderabad; Haryana – Ambala, Gurgaon, Panchkula, Karnal and Faridabad; Delhi; Madhya Pradesh – Dewas; Kerala – Calicut and Ernakulam/Cochin ; Rajasthan; Jaipur; Jammu & Kashmir; Srinagar.

Aqeel Ahmed, who will be the Chairman of the CLE for the next two years, elaborated his plans to BE, “The leather industry is a high foreign exchange earning sector. Compared to our imports of certain raw materials and accessories, the conversion to exports is almost five times in value. In view of its immense potential for growth and employment generation capabilities, the Indian government has identified this sector as one of the focus sectors under the ‘Make in India’ initiative. The industry has achieved several milestones, namely, being a) the second largest producer of footwear, b) the second largest exporter of leather garments c) fifth largest exporter of leather goods and the third largest exporter of saddlery and harness items. The industry employs about 4.42 million people, 30% being women. India has also become the second largest consumer of footwear in the world next only to China.

Esta historia es de la edición February 1-15, 2019 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición February 1-15, 2019 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS ECONOMICSVer todo
Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal
BUSINESS ECONOMICS

Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal

Bank of Baroda (BOB) organised Mega Kisan Mela at Konkalitala in Birbhum District of West Bengal on November 18, 2024 as a part of the 7th Edition of the Baroda Kisan Pakhwada (BKP).

time-read
1 min  |
December 01 - 31, 2024
Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India
BUSINESS ECONOMICS

Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India

The delay in the disposal of cases in Indian courts remains a significant hurdle to the nation's progress.

time-read
3 minutos  |
December 01 - 31, 2024
Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi
BUSINESS ECONOMICS

Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi

The holy city of Varanasi, often regarded as India's spiritual and cultural heart, came alive with the splendor of Dev Deepawali on the sacred day of Kartik Purnima.

time-read
2 minutos  |
December 01 - 31, 2024
The life of Job 'Ye judge not the judgment of God' - Jesus Christ
BUSINESS ECONOMICS

The life of Job 'Ye judge not the judgment of God' - Jesus Christ

The Holy Bible reveals through the life of Job how the Lord tests the righteous and that faith helps one to overcome life's adversities.

time-read
6 minutos  |
December 01 - 31, 2024
India has the highest potential for the garment industry, only a conducive government policy is required.
BUSINESS ECONOMICS

India has the highest potential for the garment industry, only a conducive government policy is required.

India's textile industry is poised for remarkable growth, with expectations to double its contribution to the GDP within the next six to seven years.

time-read
3 minutos  |
December 01 - 31, 2024
Global Public Debt may be worse than it appears, warns IMF
BUSINESS ECONOMICS

Global Public Debt may be worse than it appears, warns IMF

Global Public Debt Set to Exceed $100 Trillion, Warns IMF

time-read
4 minutos  |
December 01 - 31, 2024
The economic consequences of Trump's Presidency: A global perspective
BUSINESS ECONOMICS

The economic consequences of Trump's Presidency: A global perspective

One of the key economic factors contributing to the Democrats' loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war.

time-read
5 minutos  |
December 01 - 31, 2024
Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview
BUSINESS ECONOMICS

Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview

The education system in West Bengal, particularly in districts, villages, slums, and government institutions, reflects a blend of progress and ongoing challenges.

time-read
5 minutos  |
December 01 - 31, 2024
What India can expect from Trump's return
BUSINESS ECONOMICS

What India can expect from Trump's return

I may be too early to predict how Donald Trump's second term as president will impact the global oil market.

time-read
2 minutos  |
December 01 - 31, 2024
Stocks Surge Following Donald Trump's Election as 47th President of the USA
BUSINESS ECONOMICS

Stocks Surge Following Donald Trump's Election as 47th President of the USA

Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.

time-read
1 min  |
December 01 - 31, 2024