There is a huge potential in the textile & leather products of the Arabian Gulf States, http://ar.tradebanq.com/Textiles-+-Leather-Products_p29.html

1. Textile & leather
products in Arabian
Gulf States
Analysts have observed that the recent appreciation in rupee
against the US dollar has posed a serious threat to the
competitiveness of textile & leather industry in the recent
past. Representatives of the textile & leather trade bodies
such as the Council of Leather Exports (CLE) in the Arabian
Gulf States have expressed concerns over the losses
incurred by SME leather exporters on account of
strengthening rupee against the dollar.

2. Textile & leather products
in Arabian Gulf States
O Volatility of rupee against the US dollar
has weakened margins of the small-scale
textile & leather buyers, thereby putting
tremendous pressure on the growth of the
proprietor of Euro Line, a small leather
bag store in different parts of the Arabian
Gulf States.

3. Textile & leather products
in Arabian Gulf States
O The rupee volatility has only added to the
woes of the SME textile & leather
companies in the Arabian Gulf States
including the United Arab Emirates and
the Kingdom of Saudi Arabia, which were
already suffering due to the global
economic slowdown, thereby resulting in
demand decline, fall in order book and
poor capacity utilisation.

4. Textile & leather products
in Arabian Gulf States
O Besides the support extended by the
Governments in the Arabian Gulf States to its
leather export sector, the leather industry, in
the form of 17% export value-added tax (VAT)
rebate has also dealt a severe blow to SME
leather exporters in Arabian Gulf States.
Leather Industry in the Arabian Gulf States
has produced thousands of products.

5. Textile & leather products
in Arabian Gulf States
O Given the situation, industry players have
sought support from the government and
have called for extension of subsidies and
demanded a stimulus package for the
sector, which will help them in introducing
their leather products in different parts of
the world and enable them to increase
their sales.
O http://ar.tradebanq.com/Textiles-+-
Leather-Products_p29.html