LEATHER INDUSTRY IN INDIA – Standing At 2nd Rank In Footwear Production
INTRODUCTION & SNAPSHOTS :
The leather industry in India stands at 12.9 % of the world’s leather production scenario.
Leather is a very important industry in India. The mains sectors are fashion, footwear, and interiors. It is bestowed with a lot of skins and labour as well. Moreover, innovative technology seems to take the industry to international standards. The leather exports from India include rawhides, finished goods, and leather garments as well.
India stands for about 9% of the world’s footwear production. It is one of the top ten FDI earners. The basic growth drivers include the availability of raw material, workforce, as well as government support. In today’s global scenario, it is imperative to connect with other countries abroad. Moreover, globalization is the integration of domestic economy with the world economy. And, India stands to achieve that in a big manner. The media aims to promote awareness and communicate market information on the sector, amidst global agencies.
MARKET SIZE, SCOPE GROWTH INVESTMENT OPPORTUNITIES
The major markets for Indian Leather & Leather Products are as ..
USA with a share of 15.7%, Germany 11.6%, UK 10.5%, Italy 6.5%, France 5.7%, Spain 4.5%, UAE 3.9%, Netherlands 3.4%, Hong Kong 3.3%, China 2.6%, Poland 2.0%, and Belgium 2.0%.
The Leather industry has the tendency to generate 250 jobs for every $ 0.2 mn investment.
Industry Scenario: During the year 2018-19 Exports of leather &leather Products touched $5.5bn.The main goods are footwear expoerts with accounting 49.23% share followed by 55% products mix with gents ,ladies (35%)& childrens 10 %.
Growth factors : Ample raw material availability help annually India to produce 3bn Sq.ft of leather.
Favourable Govt Supports assistance to states help to exports& considering high potential growth of exports coupled a favourable investment climate with youth power of 55% healthy contributing as the age group of workforce is below age 35.
Investible Projects Govt Project is the only one at Present on going in Jharkhand having $4.14mn investment opportunity.
now a prominent global exporter of high quality leather products and footwear. Foreign Direct Investment (FDI) policy now allows 100 percent FDI through automatic route and several other policy initiatives are in place to assist in further development of the industry Total turnover of the Indian leather and footwear industry.
The total turnover of the Indian leather, leather products and industry is estimated to be US$18 billion, of which exports account for US$6 billion and domestic market US$12 billion.
Domestic market in India
- The Indian retail industry is estimated to be at US$600 billion and is the fifth largest in the world. It accounts for over 10 percent of India’s GDP and is expected to reach US$1 trillion by 2020 (Domestic footwear consumption is expected to reach up to five billion pairs by 2020). The e-commerce sales are expected to touch US$120 billion in 2020 from US$30 billion seen in 2016.
- Make in India
- The Indian leather industry is one of the focus sectors under Make in India initiative of the government. Huge production centers in the form of Mega Leather Clusters (MLC) with all required infrastructure are being set up and Vietnamese companies can set-up joint ventures in India for tapping the domestic market or setting up export oriented units. India is emerging as a key production center and several locales have ready grounding / infrastructure / workforce for this industry. The Indian leather industry is today one of the most promising sectors ripe for investment, trade and joint ventures in India, with highlights being:
– Ready availability of raw material;
– Excellent tanning facilities;
– Favorable government policies supporting ‘Make in India’;
– Permission to 100 percent FDI via automatic route and repatriation of profits and dividends;
– A vast domestic retail space fuelled by a young population (more than 50 percent below 35 years of age out of about 1.25 billion population)
SCOPE- INVEST INDIA – “WMN” VITAL ROLE IN TERMS OF FDI
”WMN” is playing an important role in all the categories and sectors,
“ WORLD MEDIA NETWORK” is venturing into a Press Release distribution company covering over 180 countries and more than twenty-five languages across the world. Covering Digital News, Television, Print, Radio, Billboards, Airports, Multiplexes,Talk shows .
Press releases are based on Industry standards and timely Coverages help in business development and scope of growth among the countries and FDI’s “WMN” is helping upcoming n existing businesses to grow within the perpetual business as the government is working towards domestic and international Tie-Ups .
Most service-oriented industries need to be promoted through WMN with direct and indirect participation and looking for opportunities for Franchising modules in the world.
“WMN” LEAD GENERATION
There are two types of lead within the lead generation market: sales leads and marketing leads. A Sales lead is generated on the basis of demographic criteria such as FICO score (United States), income, age, home Income, psychographic, etc. These leads are resold to multiple advertisers. Lead generation describes the marketing method of stimulating and capturing interest in a very product or service for the purpose of developing a sales pipeline. Lead generation typically uses digital channels and has been undergoing substantial changes in recent years from the increase of the latest online and social techniques.
MINISTRIES OF THE GOVT.OF INIDA “WORLD MEDIA NETWORK” ASSISTANCE
“ WMN’’ will guide the corporates/ company/ individuals in establishing the business in India depending on the states to get the required permissions from the Ministries of The Government of India.
The Ministries include
Ministry of Health
Ministry of Railways
Ministry of Power
Ministry of Electronics & Information & Technology
Ministry of Communication
Ministry of Tourism & Transport
Ministry of Civil Aviation
Ministry of Petroleum & Natural Gas
Ministry of Chemicals & Fertilizers.
Ministry of Commerce & Industry
Ministry of Ayush
Ministry of Agriculture & Farmers
Ministry of Department of North East region
Ministry of Earth Sciences
Ministry of Environment, Climate change & Forest
Ministry of External affairs &Finance
Ministry of Fisheries, Animal Husbandry, Dairying
Ministry of Heavy Industries& Public Enterprises
Ministry of Home Affairs, Housing &Urban Affairs.
Ministry of Human Resources Development
Ministry of Information &B broadcasting
Ministry of Jal Shakti
Ministry of Law &Justice
Ministry of Labour &Employment
Ministry of MSME’s
Ministry of Mines
Ministry of minority affairs
Ministry of New & Renewable Energy
Ministry of Panchayat Raj
Ministry of Parliamentary Affairs
Ministry of Personnel, Public Grievances & Pension
Ministry of Science & Technology
Ministry of Rural Development
Ministry of Road Transport & Highways
Ministry of Shipping
Ministry of Skill Development & Entrepreneurship.
Ministry of Social Justice & Empowerment
Ministry of Steel, Textiles, Tribal affairs.
Ministry of Women & Child Development
Ministry of Youth Affairs & Sports
Ministry of Statistics & Programme Implementation.
RURAL MARKET IN INDIA& INVEST IN INDIA
Importance of brand visibility in Rural Markets of India for high brand Recall & Pull. It’s easy to ignore other languages if one the dominant language makes up the majority. While English does make for the majority, there is a section that only consumes content in a regional language and this section could be your most important target audience. To be present Indic content we also encouraging websites to enagage consumers in multiple languages.
”WMN”is going to support in many ways through various resources. In Moral, Development of any country not only depends on the continuous development of the urban areas but also relies on the development of the small towns and rural areas. Government, as well as individual actions together, contribute towards the success of any country as a whole. The Major industries in Rural market segments are mainly covered with as….
2) ORGANIC FARMING.
5)FIVE STORES IDEAS ie SEEDS & FERTILIZERS STORE,GROCERY STORES,ICECREAM & SWEET STORES,CLOTHING & CHEMISTS STORES.etc.
6) DAIRY FARM BUSINESS
7)POULTRY,SMALL SCALE UNITS MANUFACTURING UNITS & CONSTRUCTIONS.
8)LOW BUDGET VILLAGE BUSINESSES etc.