Leather Garments and Accessories - Stirring Up the Style Quotient!
Talks on Free Trade Agreement between India and the European Union have resumed after a gap of eight years. If negotiations meet the desired end then it augurs well for the leather and leather products industry besides several other sectors in India. A surge in exports can be expected due to increased investment and geographical indication (GI); the latter being a sign used on products to identify them with a specific geographical origin.
The latest trends in the leather industry in India
Leather is one of the highly exported items
worldwide. The industry is one of the top 10 foreign exchange earners for India
and holds a significant position in the country’s economic well-being.
·
Increased demand for luxury goods: Trendy footwear
and leather fashion items, including garments and accessories, are in high
demand due to lifestyle changes, increased disposable income, esteem factors,
etc.
·
Environmental impact: Traditionally leather
industry had come under scrutiny for pollution and environmental hazards. Usage
of toxic chemicals and manufacturing processes may have led to several health issues
for the factory workers while water pollution had also been an area of concern.
However, modern technology has introduced closed-loop, low-emission tanning
using reclaimed, recycled, and pollutant-free ingredients. Indian government’s
initiative, STEP (Sustainable Technology and Environmental Protection) is
paving the path for ec0-friendly production facilities.
Unique qualities of leather: While several substitute materials score
over leather, the product’s intrinsic value as a prestige good is often
irreplaceable. Hence, leather garments manufacturers’ are not
competitors to the synthetic fibre apparel manufacturers, but instead
gainfully build on the fashion quotient and renewability factors of
leather.
A statistical overview of the industry
The
leather industry employs around 4.42 million people in India and is a key
women's employment generator in rural areas. The industry is broadly divided
into four major sectors, namely, tanning, footwear, garments, and
accessories.
India
is the second-largest exporter of leather garments in the world, with the
sector accounting for about 7.03% of total leather exports in 2021-22. The
estimated value of total exports of leather and leather products in 2021-22 was
approximately $4.87 billion.
The
leather, leather goods, and pickers industry witnessed a cumulative FDI inflow
of around $222 million between Apr 2000 to Mar 2022.
Where
to find suitable leather garments manufacturer?
Industry
Experts is connected with the best leather garments manufacturers in the country. You can rely on us for end-to-end guidance in
selecting the appropriate supplier in the industry.
Source:- https://www.industryexperts.co.in/blog/leather-garments-and-accessories-stirring-up-the-style-quotient
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