This is a unique and exclusive show for the B-B segment. The expo will provide the largest platform to the brands and buyers not just to discuss contemporary trends, but also network and build long lasting partnerships between businesses and businesses and their counterparts.
The event will focus on showcasing India's finest leather and finished products ranging from finished leather, leather footwear, footwear components, leather garments, leather goods & accessories etc. Exhibitors will display niche and exclusive range of products produced sustainably.
The event is curiosity and support with confirmed registrations from more than 40 top exporters and 250 exclusive buyers from Dubai & GCC. The expected footfall is a whopping 55% over the previous show!
CEPA Booster for the Dubai show
India and the UAE have signed a comprehensive economic partnership agreement (CEPA) to boost bilateral trade in goods to the tune of $100 billion over five years, and to generate employment. As part of the agreement, the UAE offers overall duty elimination on over 97% of its tariff lines (or products), corresponding to 99% of India's exports in value terms. This provides an impetus to the Indian Leather and Footwear segment to tap potential in a new geography.
The CLE feels the implementation of the free trade agreement between India and the UAE will push exports and create employment in the sector.
The Middle East accounted for just 3% of new store openings last year, although the market is considered a key hub for (very) high net worth consumers. Notably, in the region, ultra-luxury brands accounted for 92% of new store openings, with Saudi Arabia increasingly nestling itself as a key market alongside historical luxury capital Dubai, reveals a recent study.
Buoyed by CEPA and the buying power in the region, the Indian leather segment is eyeing the Middle East either through direct B-B, via JV or partnerships or tie-ups with global brands.
Globally, over 4 in 10 new luxury stores are launched by three brands: LVMH (known for brands as Louis Vuitton, Dior, Tiffany & Co., Fendi), Kering (known for brands as Balenciaga, Bottega Veneta, Gucci, Yves Saint Laurent) and Richemont (known for brands as Cartier, Piaget, Mr. Porter), which have a sizeable presence in the Middle East. The Indian leather and footwear manufacturers can leverage global partnerships with these brands to launch/establish presence in this market.
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