Many people think that the major brands like Louis Vuitton, Chanel, Gucci, Prada, Christian Dior, Fendi etc. have reached this height of success by 100% manufacturing and producing their own goods. All these brands are famous for their leather products but how many of us actually know that the key ingredient in the recipe of their success could be contract manufacturing?
The leather industry holds a significant place in the Indian economy and has one of the youngest workforces. The Indian leather industry is one of the oldest manufacturing industries that has been catering to the global market since the 19th century. Having its own raw material source, strong and eco-friendly tanning base, advanced manufacturing units, skilled man-power etc. has helped India become the 2nd largest producer of footwear and leather garments and 5th largest exporter of leather goods and accessories in the world. Manufacturing experts have stated that the Indian footwear sector has the potential to reach US$80 billion or 8 times its present size by the end of 2030. So, the companies that are working tirelessly to make this mission possible have chosen contract manufacturing as an ultimate solution.
Contract manufacturing companies possess advanced skills and have their own method of quality control which helps the brand in reducing the overall cost and focus on other essential areas of their business. The same has helped in the Indian leather industry’s growth which now accounts for around 12.93% of the world’s leather production of hides/skin. Leather is known for substantial export earnings and it is among the top 10 foreign exchange earners for the country which makes it one of the vibrant sectors of the country’s economy.
Industry Experts helps in finding relevant contract manufacturers for leather garments, belts, shoes, and other travel accessories production for the companies that are looking for manufacturers. The portal helps in connecting the brands with suitable contract manufacturers according to the business needs.