“Some of the major European producers are finding it difficult to sustain their manufacturing in the face of increasing costs particularly the wages. This gives an opportunity to the Indian manufacturing to substitute the gradual drop in Europe's production. For this purpose, serious efforts are on to partner with the European manufacturers and increase the production base in India. There have been at least three manufacturing joint ventures in the leather sector in the last 2-3 years which includes the latest of Conceria Virginia, Italy, in tanning. Earlier, two sole manufacturing units from Italy namely Suolificio and Mondial Spa, partnered with Indian companies and started production. This apart, a major Spanish company namely Zahonero is in the process of establishing a manufacturing unit for shoe components with its own equity in Delhi”, CLE said.
Press Information Bureau Government of India
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