Lack of R&D, funding, and vision holding back Indian leather makers

The third of a 5-part series analyses the reasons behind the shrinking foothold of the sector

Even as a few companies in sectors like automobile and business process outsourcing have managed to build a global brand and move up the value chain, when it comes to leather and leather products, India largely continues to be a mere sourcing hub.

Just four-five companies like Hidesign and Farida have made a mark in the competitive global market as they invested in R&D (research and development) and branding, creating value.

What’s worse is that the exports of Indian companies, after peaking at $6.2 billion in 2014-15, have been on a downward trend.

Leather is one of the most widely