Since the 1990s, the leather industry in India has grown steadily, making very good business for small and medium players. Today India represents about 3% of world market share in the leather business. In an attempt to maximize profitability and expand this market share, Indian exporters of leather being explored for export destinations.

The Indian leather industry is largely export oriented countries of the accounting of an important market for leather exports from India. During a period of time, Indian leather exporters have identified Spain as a lucrative destination to increase their sales volumes.

Market Spanish mature skin

Spain is like the leather of the 6th largest exporting nation of India and is gradually becoming an important market for Indian leather products. Significantly, during April-February 2008-09, exports of leather India to Spain was around U.S. 200.02 million U.S. dollars.

According to market experts, Spain and Italy are the most promising places for the sector leather. Demand for all types of leather products has increased in these two countries in recent years. However, the Spanish market is still evolving and posing stiff competition to Italy, which has a highly industrialized segment of skin.

Exporters of leather from India can benefit from the growing demand for footwear, handbags and various other leather products in Spain. Statistics show that while dominant export of leather footwear from India basket for Spain demand for finished leather and leather garments has also increased steadily.

Collaboration is the key

Another notable trend has been the growing collaboration between Indian companies and Spanish leather to promote mutual growth. To facilitate mutual cooperation between SMEs in the leather industry in the two countries, the Council for Leather Exports (CLE) has taken some important initiatives. The organization has scheduled a road show in Spain in late 2009. He has also received a formal proposal to organize IVC Spain-(B2B) meetings between indigenous and Spanish from Manufacturers leather.

Concerted efforts such as these are expected to help the Indian leather segment increased its market share in international markets and run ahead of its biggest rival, China.

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About the Author:

David Parks is a well known author and has written articles on Toys Manufacturers, B2B Portal, Business Trade Leads, suppliers, Manufactures and many other subjects.

Article Source: ArticlesBase.com – Indian Leather SMEs on a Spanish Sojourn

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