CHAPTER 1 INTRODUCTION
Leather and leather products industry has been recognized as one of the interesting sector having the advantage of both value addition and export potential. The Industry holds a prominent place in the Indian economy. With an annual turnover of over US $12 billion, the export of leather and leather products has increased manifold and recorded a cumulative growth rate of around 13.10% in 5 years.
Leather Industry, being an employment intensive sector provides job to about 2.5 million people, majorly from the weaker sections of the society. The share of women employment is pre-dominant to 30% in leather Industry.
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• To measure the productivity and competitiveness of Leather Industry.
• To develop SWOT analysis for identifying the areas requiring policy interventions.
• To provide recommendations to improve the export competitiveness of leather industry in India.
Methodology
The methodology adopted for the present study is based on review and analysis of published data and literature related to the sector to understand the growth and development of Leather Industry in India during Plan XII. The published data on Leather an leather Products sector shall be compiled from DGFT and annual survey of industries and export-import data from the website of DGFT.
Indian leather industry employees 4 million people and has an abundant access to cheap raw material and skilled labour in the domestic market. These are some of the important factors Indian Industry may rely upon to face the competition from International market in near future.
The global players like US and Europe have shown a considerable interest in Indian leather Industry. Thus, Indian leather industry has the great potential to develop and become a large scale employment generating
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The gross value added figures have been deflated by using the Whole-sale price index to eliminate the price effect from the increasing value added. Since, 2004-05 base prices cover all category of products from the segment has been considered the price index for leather & leather products from WPI.
Growth rate analysis of Leather Industry
Following table represents the period wise growth rate analysis of organized sector of leather Industry.
Indicators Period I(2008-15) Period II(2008-11) Period III(2011-15) Compound Annual Growth Rate, CAGR (%)
Gross value added(at constant prices) 8.93 8.1 8.53
Value of output(at constant prices) 3.19 7.09 4.05
Number of Factories 8.21 26.47 .10
Number of Workers -1.95 -9.21 1.89
Note: Labor Productivity has been estimated as GVA/Number of workers
Estimated value of output has been found continuously increasing during the liberalization period. In spite the fact that eighties were a decade of better industrial growth the leather industry did not perform well resulting in negative growth
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be the increase in jobs. Creation of new jobs will take place in the manufacturing
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ix. Since India already enjoys 80-85 per cent of the world CPD market, scope for further growth in diamond exports is limited. Hence, if India's gems and jewellery sector is to substantially increase exports, the best bet lies in the jewellery sub-sector. Given the fact that the global market for stone-studded jewellery is expanding, there is scope for expansion in India’s diamond-studded jewellery exports as well.
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Only in April 2007, there has been a growth of 13,2% with respect to April 2006. The medium high cylinder capacity segment is the one showing highest growth. These data show the great economic potential of the ...
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...ricultural Sector (% of Total Nonagricultural Employment)." Data. N.p., n.d. Web. 03 Feb. 2014. .
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