Financial Daily from THE HINDU group of publications
Friday, Feb 04, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Leather


Global leather cos keen to set up shop in India

Our Bureau

Chennai , Feb. 3

RAW material and component suppliers for leather products globally are looking to Indian manufacturers. The industry is set to grow with leading brands of the US and Europe sourcing from India. Participants at the India International Leather Fair — be it Zahonero, a Spanish multi-million dollar shoe component manufacturer that is setting up a wholly-owned subsidiary at Noida targeting the domestic industry, or Brazilian tanners wanting to export cow leather, from a breed that was originally from India, to manufacturers here — say India is the market to be in.

According to officials of the Council for Leather Exports, Zahonero is setting up a subsidiary to manufacture parts of shoe components. The company is set to supply parts to shoemakers targeting the domestic market.

Zahonero officials, who declined to comment about the size of the project or divulge details at this stage, said that the company is presenting its products for the second year at the leather fair and there has been a marked increase in visitors and a number of serious enquiries.

This year there were more visitors from major production centres, including Mumbai, Kolkata, Kanpur and Agra.

Zahonero has manufacturing facilities in Spain, Mexico, Brazil and China, and sales offices worldwide. It is now setting up shop in India and will target the domestic market.

According to Mr Flavio Alberto Lucchese, Advisor, Centre of Brazilian Tanning Industries, leading a group of seven tanners from Brazil, this is their first visit to the fair and they are certainly going to be back next year. As the Indian industry is on the growth curve Mr Lucchese feels that Brazilian tanners can offer products not available here, particularly cow leather to shoemakers, and leather accessories and large sizes of hides ideal for upholstery.

And where do you think they got these extra large sizes?

Several decades ago Brazil imported Indian stock and crossbred them with their own. But, according to Mr Lucchese, they are "more Indian than Brazilian''.

Mr Roque Kerbes, Director of Aimore Couros, a tanner, said Brazil is at present selling more than half of its hides to China and the rest to the US, Canada and Europe. India is a growing market, which they hope to tap.

According to the Mr Graham Barber of UK-based Shoemat, the company is looking for agents to stock products here. It is targeting the welted shoe segment. While the company had earlier focussed on Kanpur, a major centre for safety-shoes for industrial use, the growth in the South has encouraged it to look at the opportunities here.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Lottery body to protest


Kerala Budget today
Cement majors post higher shipments in Jan
Centre may take Rs 26,000-cr hit on finance panel proposals
Review forecasts marginal fall in Kerala's growth rate
Rs 30,000-cr investments to materialise this year: Oommen Chandy
`Kit pumps are a drain on power'
An ecological feat worthy of emulation
In the sands of time
Indian eco initiatives a big draw at Gulf expo
Prakriti Vandana Yatra ends
`Excise collection may not meet target'
Poor pay the price for Mumbai's `Shanghaisation' — State adopts `double-standards' in re-sheltering slum-dwellers
Hind Insecticide `move' to shift unit opposed
GSPC goes all out to strike gas in third KG well
Norms issued for competitive bidding to fix power tariff
Govt sees Rs 9 lakh cr investments in power sector by 2012
`Ten private power projects in sight of financial closure'
Sayeed hopeful of early solution to Dabhol imbroglio
Chhattisgarh set to add 11,000 MW
DVC may buy more coal from Eastern Coalfields
NTPC to import coal to tide over shortages
AP: Medicines, cement, LPG to become cheaper on VAT
KSSIA sees flaws in new VAT system
`Delay VAT implementation'
TN asked to allocate funds for powerloom park projects
SSI registrations drop in Kerala
`Softexam' IT practical test
Global leather cos keen to set up shop in India
Bio Asia meet to unveil Asian biotech union
Paint cos may pass on input cost hikes to consumers
Sell-off fund — Will it fall victim to petty politics?
`Govt will step in to meet EPF shortfall'
FDI cap hike in telecom `sends right signals'
Mauritius consortium among 24 FDI proposals cleared
Kerala cabinet clears local housing scheme
Technical meet on rubber in Pune tomorrow
Symposium on TDS
In Hyderabad today
Contributions to The Hindu Relief Fund
Nepal air connectivity restored; tourism hit
Spurious kick


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line