Tanners and brands in trouble can find willing buyers in India
01/02/2012
At a press conference at the India International Leather Fair in Chennai on February 1, Mr Ahmed said Indian companies will snap up European or North American leather, footwear and leathergoods brands when they come onto the market as a way of raising their profile in the international marketplace.
Alternatively, they will consider buying distribution companies, resellers of big-name branded products, to increase their profiles that way. Brands that want to establish a presence in India through the franchise model should also talk to Indian leather-sector manufacturers, he said, and he promised that the Council for Leather Exports would help companies outside India find buyers among its member companies.
Finally, he added that this interest in international expansion will also extend to buying tanneries that want to sell up, with a particular interest in operations in parts of the world with good access to raw hides and skins.
“The Indian leather industry has gone to a different level now,” the CLE president said. “Our manufacturers are strong and they can buy out other companies.”
Share this story:
