- High growth potential on exports, the ready availability of leather, the abundance of essential raw materials and rapid strides in the areas of capacity modernisation and expansion, skill development and environment management, coupled with a favourable investment climate has made the Indian leather industry a favourable investment destination.
- With 55% of the workforce below the age of 35, the Indian leather industry has one of the youngest and most productive workforces.
- The Indian government has put in place an array of measures for skill development and skill upgradation of the workforce.
- Under the National Skill Certification and Monetary Reward Scheme of the National Skill Development Corporation, financial assistance is given for the training and certification of both the existing workforce and new workers in the leather industry. 20,000 workers have been enrolled under this scheme for training and certification, as of August, 2013.
- The Human Resources Development sub-scheme under the Indian Leather Development Programme (ILDP) implemented by the Department of Industrial Policy and Promotion, aims to provide skill development training to the unemployed for placement in the leather industry while upgrading skills of the existing workforce at the shop floor level and imparting training to trainers.
- More than 50,000 youth have already been trained and placed in the industry in the last 100 days with 1,44,000 more expected to be trained annually.
- The Footwear Design and Development Institute (FDDI) has established itself as the premier training institute for the provision of skilled manpower in the leather industry. It has 55Â training centres across the country including eight branches. Another four branches are being set up.
Reasons to Invest
- The total production of the Indian leather industry stands at over USD 12 Billion with great potential for exports and a huge domestic market.
- Exports are projected to grow at 24% per annum over the next five years.
- The domestic market is expected to double in the next five years.
- Comparative advantages in cost of production and labour costs.