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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

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The export of leather goods from India stood at $4.8 billion in 2019-20, down by 9.5 per cent over the previous year

5 min read Last Updated : Jul 29 2020 | 6:05 AM IST

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

Topics : Leather industry leather and footwear industry India's R&D spending

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