An Analysis of Investment Pattern and State wise Annual Turnover of Indian Leather Industry

Abstract

The leather and leather products industry is one of India's oldest manufacturing industries. The industry employs about 2.5 million people with a large number of them belonging to poor and marginalized sections of society. The highest number of people is employed in the most basic activity of this sector which is flaying, curing and carcass recovery followed by Chappal and sandals making. The leather industry also provides employment to a large number of women. The industry covers a vast spectrum of inputs activities, skills and products i.e. livestock, hides and skills, tanning, leather products and exports. The Indian Leather Industry is growing by leaps and bounds. More than 80 percent of the businesses in the leather segment fall in the category of Small and Medium Enterprises (SMEs). The export of Leather products has increased manifold over the past couple of decades, touching US$ 4.99 billion in 2012-2013. This means a cumulative annual growth rate of about 8.54 percent in five years. The Industry has an annual turnover of over US$ 8.5 billion. High standards and good compliance with norms are helping the Indian Leather Industry stand tall in the global market. Hence, an attempt has been made in this paper to highlight "An Analysis of Investment Pattern and State wise Annual Turnover of Indian Leather Industry”.