List of Profitable Leather and Leather Products Manufacturing Projects. Business Ideas in Leather Finishing and Leather Tanning Industry.
Leather Finishing, Leather Tanning, Leather Garments, PU& PVC Leather Cloth, Tannin Powder, Leather Bags and Wallets, Industrial Safety Leather Shoes, Leather Binder, Gelatin Glue from Leather Waste
The leather industry in India holds a very prominent place in the Indian economy. The leather and leather products industry is one of the oldest manufacturing industries in India. The Indian leather industry provides employment to about 2.5 million people in the country and has an annual turnover of approximately US$ 5,000,000. Tamil Nadu is one of the largest centres of Indian leather industry.
Leather is one of the most widely traded commodities globally. The growth in demand for leather is driven by the fashion industry, especially footwear. Apart from this, furniture and interior design industries, as well as the automotive industry also demand leather. The leather industry has a place of prominence in the Indian economy due to substantial export earnings and growth.
The Indian leather industry accounts for around 12.93 per cent of the world’s leather production of hides/skins. The country ranks second in terms of footwear and leather garments production in the world and accounts for 9.57 per cent of the world’s footwear production.
Indian leather industry is a USD 13 billion industry and is expected to grow to USD 25 billion in next 10 years. This industry is of special significance as it employs more than 50% of workforce below 35 years of age. Growing demand, availability of skilled workforce, rising export, ease of availability of raw material and government incentives are the major factors driving the market. Currently India stands in second place in terms of production of footwear and leather garments.
In India, leather industry is in a predominant position with substantial export revenue generation, and thereby providing economic growth. The most premium leather products in the world are being made in India, and are much sought after in the global market.