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Indian leather exports will grow three times
29
Jul '11
Leather industry in India has acquired the latest technology and expertise essential for manufacturing high-end products. And, in the next few years, India's leather exports will grow over three times, Commerce Secretary Rahul Khullar has said.

Inaugurating the first edition of Expo Riva Schuh, a world shoes and leather accessories exhibition at Pragati Maidan in New Delhi, Mr. Khullar said that the Indian leather sector has shown strong performance during the last few years. With exports worth about US$ 3.8 billion, the leather and leather products sector is now among the top 10 foreign exchange earning sectors for the country, he added.

He further added that the Government of India is setting up Mega Leather Clusters having state-of-the-art manufacturing facilities in seven States, to give a push to the country's leather exports sector.

About 180 international companies, including those from Italy, Thailand, China and the UK are participating in the Riva Schuh Expo, organized by the Council for Leather Exports (CLE) and the Italian Trade Commission.

During fiscal 2010-11, India's leather exports stood at US$ 3.8 billion, as against US$ 3.4 billion in the previous fiscal, growing by more than 13 percent year-on-year, as per the CLE data. The country was able to surpass the set target of US$ 3.7 billion for last fiscal owing to an increase in demand from European markets like Italy, the UK and Germany.

While Germany accounted for 14.34 percent of India's total leather exports during fiscal 2010-11, the UK and Italy accounted for 12.80 percent and 11.52 percent respectively. Among other countries, India's leather and leather products to the US, Hong Kong and France were 8.72 percent, 8.11 percent and 7.07 percent respectively of the total exports.

Sub-category wise, exports of finished leather rose by 29 percent, leather footwear by 16 percent, and exports of leather goods by nearly 8 percent. Negative growth of six percent was, however, observed for leather garments.

The leather industry in India currently employs about 2.5 million workers.

Fibre2fashion News Desk - India

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