Witco, India's premium multi-brand retailer in luggage and bags, has launched their third generation Store in Nungambakkam, which is also their tenth outlet in Chennai.
KH Muniyappa, Minister of State for Micro Small and Medium Enterprises (MSME), Government of India gave assurance to the leather industry that it would support with financial assistance for the growth of the country's leather products industry.
This Autumn Winter season VEEV – the luxury bag brand introduces to you a new range of clutches, Fiona.
The Council for Leather Exports (CLE), Government of India has reported a growth in export revenues for the industry of 26.7 percent in the first eleven months of last financial year, which covered April 2011 to February 2012.
Even orders for next winter from European market to India will be low, warns industry representative.
With the Centre restricting import of arecanut only to users (gutka and pan masala makers), and as a consequence, excluding leather industry from importing it as raw material, those growing the cash crop are expected to benefit.
Stahl, the Ranipet, Chennai-based leather goods manufacturing firm is investing in excess of one million euro to support current double-digit growth to meet the burgeoning demand for its products, leather processing and finishing solutions.
A leather hub has come up in Bihar. Last week, the State Chief Minister, Nitish Kumar formally inaugurated the leather hub in Fatuha Industrial area. In excess of 600 micro, small and medium sized entrepreneurs are likely to invest in the new leather hub, developed by Aparna Industrial Promotion Council, an entity set up by the leather entrepreneurs of Mumbai.
The Council for Leather Exports (CLE) is planning to set up a leather mega-cluster in Haryana and it is holding talks with the government to explore the possibility.
The permission for 100% foreign direct investment in single brand is slowly attracting foreign companies to India to float own companies. Media reports about the German shoe-care company Melvo GmbH, say that shortly it will take over its entire 49% stake in its Indian joint venture, MV Shoe Care Ltd, set up jointly with the Noida-based Vacouro Leather
The first version of an e-tool has been developed, which will help footwear companies know about and improve their legal environmental situation. The tool will also inform footwear companies about the environmental requirements that apply in other countries to which they export their products, International Leather Magazine has reported.
The Department of Industry Policy and Promotion (DIPP) has stipulated that special purpose vehicles (SPVs) must be created for the implementation of the proposed mega leather cluster (MLC) projects.
The Department of Industrial Policy and Promotion (DIPP) has announced the guidelines for the setting up of mega leather clusters (MLC) during the 12th Plan period. Each MLC should have a minimum of 40 acres land. Central assistance of 70% of the project cost or Rs 125 crore would be made available to each MLC.
There are some good schemes for the leather industry in the Union Budget for 2012-13, announced last week by the Union Finance Minister, Mr Pranab Mukherjee.
Mochi, the international brand for the latest and best in footwear, has launched its 2nd store in Surat with a stock of over 10, 000 pairs in kids, women’s and men’s range.
