India’s CLRI scientists make vegan leather from mangos, use collagen for diabetics, cancer
Vegan leather may be in conflict with what CLRI was built to do. But 'who better to make leather-like products than the leather industry experts', ask the scientists. Key Points
ThePrintPLI scheme for leather sector on the cards
The government has announced PLI policy in 2020 with a potential outlay of Rs 1.97 trillion. It started with sectors like Active Pharmaceutical Ingredients and drug intermediaries, medical devices and large–scale electronics manufacturing. Key Points
FinancialexpressReddit calls Alia Bhatt ‘hypocrite’ for carrying calf leather bag at Gucci event
Alia Bhatt backed illegal ivory trade series Poacher last month and yesterday, she was spotted carrying a leather bag. Reddit is not impressed. | Bollywood Key Points
Hindustan TimesTamil Nadu is the new China+1 for shoes. Crocs, Nike, Adidas foot India’s manufacturing push
Taiwan giants like Shoetown, Feng Tay, Pou Chen, and Hong Fu are setting up huge non-leather shoe factories in Tamil Nadu. Made in India footwear will take over world, say industry leaders. Key Points
ThePrintIndia’s strength exports under stress as world moves to recession: Piyush Goyal
Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are Indias strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm. Key Points
Economic Times
India's exports to Germany may get adversely impacted due to recession: Exporters
The German economy contracting for two consecutive quarters could affect India's export to Germany and Europe as a whole. The most affected sectors would be leather products, chemical and light engineering items, and exports like apparel, footwear, and leather goods. Yogesh Gupta, the FIEO Eastern Region's Regional Chairman, stated that it is too early to comment on the impact of the recession on Indian exports, but Germany being the main growth driver for the EU, the recession there will impact the purchasing there. Key Points
Economic TimesHopeful of finalising certain FTAs in next few months, says Piyush Goyal
India is hoping to conclude free trade agreements (FTA) with Canada, UK and European Union (EU) in the next few months to revive and promote exports, according to Commerce and Industry Minister Piyush Goyal. He urged manufacturers to focus on quality and sustainable manufacturing processes to capitalize on business opportunities in the developed world. Key Points
Economic Times