India’s leather industry looks for a way out. Hit by a heavy decrease of demand for fashion goods, many Indian producers of leather have re-focused their production on work gloves. Demand for the latter is growing and originate in many areas of the world. Meanwhile, the footwear segment seems to give a timid sign of recovery and operators believe the situation will improve.
India’s leather industry looks for a way out
According to data published by a number of the segment’s associations and discussed by telegraphindia.com, orders for leather goods for manual work have increased by 20% compared to next year. Specifically, the majority is for work gloves, as they are commonly used by the minerals and chemical industries, when using cutting tools.
Moreover, Canada’s government, along with other countries of the Americas, has declared the mineral industry “necessary” and looking to invest. But it’s a different type of leather. Tanners complain that they are storing materials of high-quality, for the fashion industry only. Calcutta’s airport cargo authorities have stated that there are usually 4,000 tons of leather goods such as handbags, wallets and belts (as well as finished leather), used to be exported every month. In July the volume was of 1,500 tons and of 2,300 tons in August.
Meanwhile, manufacturers of leather footwear see a light at the end of the tunnel. The president of the Council for Leather Exports (CLE), Aqeel Ahmed Panaruna, stated that footwear export during the month of August generated 356.15 million USD in revenue for the segment’s companies, compared to the 333 million in July and 245 in June.
“Our industry is hopeful – financialexpress.com -. This September, we hope to reach 90% of the export from September in 2019”. The demand, always according to data analyzed by the association, show and increase of demand for casual wear, compared to formal items. This is given by the fact that people continue to work from home, mostly.
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