A name that has become synonymous for leather over the years, Periamet deals with purely finished leather and leather products. Of the 50,000 companies, more than 50 % are exporters. Periamet stretches from Central Station to Madras Veterinary College and Traffic Commisioner's Office to Choolai.

Sheep leather, goat leather, cow leather, suede leather, burnished leather and lining leather are the kinds of finished leather that are available here. The leather products are mainly exported to countries with cold climate like USA, UK Europe and Italy. The industry is one of the major foreign exchange earners for the country.

The leather industry provides direct employment to more than 10 lakh persons. Daily wage earners number around 5,000 to 10,000. The leather trade is seasonal with the exception of some products like shoes, belts, valets, pouches and ladies handbags. Items like leather jackets are in demand only when there during the winter season in the countries they are exported to.

Among the eminent personalities who have visited this market is the former Prime Minister late Mrs. Indira Gandhi. Mr. A. Azeez, President of the Madras Leather Merchants Association, says that, "The MLMA which is over 20 years old, looks after the problems of traders like Tamil Nadu Government Sales Tax (TNGST) and pollution related problems. It basically acts as a mediator between the traders and the government".

Periamet has several famous landmarks in its geographical area like the Madras Veterinary College (MVC), the Jawaharlal Nehru Stadium and the Ripon Building.

Approach: A majority of the shops are located on the by lanes of the Vepery High Road.

Sunday Holiday.