Overview of Indian Leather Industry
Overview of Indian Leather Industry
Overview of Indian Leather Industry
Leather industry occupies a predominant place in India, being the second largest producer next to China. The industry is equipped with a potential for employment generation, growth and exports, with the annual exports touching 2 billion USD. The industry experienced a positive metamorphosis from being a mere transporter of raw materials to an established exporter of value added and finished leather products. Currently it is on an ever increasing phase with optimum utilization of available raw materials and maximum returns from exports.
Indian Leather Industry:
Indian leather industry is one among the top 8 industries for export revenue generation in India, holding 10% of the global raw material, and 2% of the global trade. India is the biggest livestock producer in the world, with the capacity of 1.8 billion square feet of leather production annually. 13% of the global footwear production comprising of 16 billion pairs are made in India. India makes 2065 million pairs of various categories of footwear. It exports 115 million pairs, thus having 95% of its production to meet its own domestic demand.
Main leather exports comprise of skins and hides such as cow, sheep nappa, goat skin and wet blue. Footwear, leather gloves, garments, handbags, purses, wallets, and briefcases are some of the products exported. Major production centers in India are Ranipet, Ambur, and Chennai in Tamil Nadu, Mumbai in Maharashtra, Kanpur in Uttar Pradesh, Agra, Delhi, Ludhiana, Sonepat, Pune, Kolkata, Calicut and Ernakulum.
Prominent Brands in the Indian Market:
Acme, Clarks, ColeHann, Deichmann, Ecco, Elefanten, Florsheim, Gabor, Hasley, Hush Puppies, Double H, Justin, Marks & Spencer, Nautica, Nike, Nunn Bush, Reebok, Salamander, Stacy Adams, Tony, Lama, Next, Bally are the prominent brands sourced from India. Red Tape, Bata, Liberty, Khadims, Lakhani, Metro, Action are some Indian brands that have a well established market in India. Aldo, Bally, Clarks, Ecco, Florshiem, Ferragammo, Hush Puppies, Lee cooper, Lloyd, Marks & Spencer, Nike, Nine West, New Balance, Reebok, Rockport, Stacy Adams are a few notable leather product brands sold in India.
Export Market for Indian Leathers:
To augment the footwear sector, Indian Government has come up with numerous initiatives. Footwear sector is now de-licensed and de-reserved, providing expansion of capacities on modern lines with state-of-the-art machinery. Government has also permitted 100% Foreign Direct Investment through the automatic route for the footwear sector. Nearly 75% of the leather products exported from India goes to EU and US.
Initially the process of tanning the hide or skin and transforming it into leather was a long and cumbersome process. But currently, with the advancement of technology, the time taken to process the leather and convert them into finished product has minimized to a matter of days. To keep pace with the consumer's preferences, and demand, quality, variety and consistency of the leather items are kept in focus. Indian leather industry has now launched itself successfully as a money-spinning technology with scientific principles.
Indian leather industry has the credit of being one of the oldest manufacturing industries catering to the global market from the 19th century. The age of the industry has linked it with social and organizational structure, and emerges as a complex one with elements of continuity and traditional structures. The ultimate quality of the Indian leather combined with efficient craftsmanship has secured a sturdy place for Indian leather goods in the global market. Indian leather industry is getting more organized, with a springing capacity for expansion.
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