Rieker
Prices for leather raw materials from India may rise
31.05.2017 2680

Prices for leather raw materials from India may rise

The Indian leather industry, whose export volume is about $ 6 billion, may suffer (in favor of China) from the recent ban by the Ministry of Environment of India to sell animals intended for slaughter, writes fashionnetwork.com

In recent years, the growth of the leather segment in India has been weak and industry representatives believe that the Indian government should have consulted with all interested parties before making this decision.

“China is already pushing India into the global leather market, and this decision will only play into the hands of the Celestial Empire,” said Alok Parakash, president of the Indian Leather Products Association.

Experts predict an increase in the price of Indian leather raw materials. While the competition from China in the leather industry is based primarily on price. Meanwhile, the Government of India set a goal to increase the export of leather raw materials by 2020 to $ 15 billion, from today's $ 7 billion.

The Indian leather industry, which exports about $ 6 billion, could be hurt (in China's favor) by the recent ban of the Indian Ministry of the Environment from selling ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Expo Riva Schuh & Gardabags took place in Italy

The January exhibition of shoes, bags and accessories Expo Riva Schuh & Gardabags in Italy has ended. The event was attended by 430 exhibitors from more than 30 countries, the exhibition received 3500 visitors from 86…
21.01.2022 192

OR Group made a technical default on bonds

OR Group (former Obuv Rossii Group of Companies) failed to redeem bonds for 0,6 billion rubles on time, allowing a technical default. The holder of the bonds is Promsvyazbank (PSB), with which negotiations are underway. If they fail, the group...
21.01.2022 236

The collaboration between New Balance and artist Joshua Wades has released an updated version of the New Balance 57/40

In the design of the new New Balance 57/40 NB model, created in collaboration with the artist Joshua Vaidsaom, there are flecks - traces of paint that are reminiscent of the artist's youth and his passion ...
20.01.2022 178

MICAM postponed to March

The organizers of Europe's largest international footwear exhibition MICAM have announced the postponement of the date of the event. The exhibition will be held from 13 to 15 March instead of the originally scheduled dates - from 20 to 22…
20.01.2022 259

Detsky Mir recycled about 3 tons of footwear and textile waste

Detsky Mir Group and Dmitrovsky RTI Plant, the largest waste processing plant in Russia, summed up the results of the campaign “New life for unwanted clothes and shoes with benefits for you” for 2021…
20.01.2022 355
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning