Leather goods sector wants long-term growth planJanuary 30th, 2009 - 8:50 pm ICT by IANS
Chennai, Jan 30 (IANS) The Indian leather goods manufacturers are willing to sit with the government to chart out a joint medium- and long-term plan of action to take the industry ahead, said an industry official here Friday. “Indian leather industry is virtually absent in the women’s fashion accessories and footwear segment. In the men’s segment we are present in the premium brand segment and not in the mass market products. We can grow in these segments,” said Council for Leather Exports (CLE) chairman Habib Hussain.
“Overseas buyers are looking for an alternative source to China. With concerted strategy and creating the necessary infrastructure we can turn this into an opportunity,” he told reporters on the eve of the 24th India International Leather Fair 2009 that starts here Saturday
Hussain said the total leather goods exports this fiscal will be around last year’s figure of $3.6 billion.
The four-day leather fair, to be inaugurated by Minister of State for Industries Ashwani Kumar at the Chennai Trade Centre, will see 392 companies including 122 from overseas showcasing their products.
However, this year has seen a marginal reduction in the number of participants as compared to last year on account of the economic slowdown in Europe and the US and deteriorating India-Pakistan relations.
The annual event is organised by the India Trade Promotion Organisation (ITPO).