India Leather Export Company Is Not Afraid Of Currency Depreciation

< p > recently, the whole India was deeply troubled by the currency devaluation crisis.

But manufacturers of leather products for international brands are smiling.

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MohanSreenivas and other partners in the industry from < a href= "http://www.91se91.com/news/index_p.asp" > India East /a > OrientExpress (P) were surprised by the rupee depreciation.

These companies have signed an OEM agreement with Armani (Armanie) or Hugo Boss (HugoBoss) only before the rupee devaluation.

These India factories mainly produce cortex < a href= "http://www.91se91.com/news/index_c.asp" > clothing < /a >, and then export to the above brand stores in the world.

After the rupee devaluation, the Oriental Express and other OEM companies are expected to get huge profits from the sales contracts they have signed.

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< p > there are many foundry factories in the urban and rural areas of India, which are also joined in this joyful team. These factories produce finished products for international brands including Armani (Armanie), Abercrombie&Ftich and Gailes (Guess).

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Last year, India's leather products export industry has been in a doldrums due to weak demand and reduced orders in Europe last year. P

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"P >" now India's currency devaluation will make India export companies more competitive and get more orders.

In the long run, the value of the industry is expected to double and take away business from China and other markets. "

ManojTuli from P&G, a leather clothing export company, said.

Of course, due to < a href= "http://www.91se91.com/news/index_c.asp" > leather industry < /a > the leather chemicals needed for production are mainly dependent on imports, and the impact of Rupee depreciation on imports can not be ignored.

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