As far as present market conditions are concerned, the buyers are ordering close to sale. For the Indian leather bags manufacturer Industry, USA, Australia and Russia are the major markets. We need to scale-up our production to meet the demands of the US market, for which investments are needed. We need to tap the e-commerce route and should have excise free zones to boost up production.
- India’s strong growth fundamentals, along with increased urbanization & consumerism, offer immense scope for retail expansion for foreign players
- Rapid emergence of organized retail outlets, such as mega malls and hypermarkets, are augmenting the growth of organizes retail in the country
India’s share in global market remained more or less stable at about 5% since last 4 years in the global market.