Giving a boost to the high earning leather industry through FDI, that is one of the most foreign exchange attractors for India.
India proudly boasts of being the 2nd largest leather footwear producer in the world and the leather industry in India is about 12.9% of the world's leather production of hides/skins. The yearly production of leather in India is of 3 bn sq. ft. There is a 100?I allowance by the government of India in leather and leather goods through the automatic route.
ABOUT THE COMPANY
The company wanted to expand its business in terms of leather export and manufacturing in accordance with the Make in India scheme launched by the honorable Prime Minister Narendra Modi. As India is already very rich in the raw materials that are required by the leather industry, the company wanted to kick start its Indian made production with the best craftsman. For putting their vision into reality they were looking out for soft loans and consultation in regard to FDI in the leather sector.
Establishment of the factory: They want to establish their manufacturing unit in accordance with the Make in India mission statement.
Procurement of raw materials: Arrangement of the best quality raw materials for the manufacturing unit.
Reaching out to craftsman: They want the best of craftsman’s for the production of quality products.
The company wanted to spread its wings in the Indian market and wanted to make use of the Make In India scheme and for that they wanted soft loans. They got to know about our company, FDI India through the recommendation of their friend. From the first meeting itself, they were very clear with their idea and we guided them well for the leather manufacturing project. We procured them the soft loan which was very essential to kick start their project at low-interest rates.