The recent orders of the central government with regard to the sale of cattle has started shivers in the leather market. Many multi-national organisations like Marks & Spencer, Zara, Hugo Boss, Armani, Prada, Bata etc.are feeling the heat. They are frantically trying to ensure that leather supply for foot-wear, hand bags, belts, jackets etc. are maintained.
There is great tension in the leather markets of Kanpur, Agra etc. where tens of thousands of workers are employed in manufacture of foot-wear, bags etc. It is reported that the leather industry of about $ 13 billion, both Indian and exports, is in panic.
The price for the leather goods may go up in a big way and people will have to pay heavy for the same.
Is the government hearing?