Leather exports to touch $8bn from $3bn by 2012: ASSOCHAM

09 May '07

3 min read

Also, there is one SEZ footwear park being developed by Government of Tamil Nadu in Sriperambattur near Chennai. This park would have a salable area of 105 Acres and could house about 20 units. The total capacity of the park could be about 1, 00,000 pairs a day. However, in the perspective planning, five SEZ were envisaged all over the country.

It has pointed out that the planning commission has allotted an amount of Rs. 4000 million to fund leather industry modernization as 'modernising scheme' but, there was undue delay in releasing the funds under this scheme called the 'Integrated Leather Development Programme'(ILDP).

The paper estimates that estimated 15% of total purchase of leading global brands in footwear, garments, leather goods & accessories in Europe, is outsourced from India. Being the second largest manufacturer of leather garments & footwear, mainly all companies in India are ISO Certified companies and they all meet the international ethical engagement criteria. Leather industry has a large scope to grow in near future.

According to the suggested road map for leather industry by ASSOCHAM, it has been projected that footwear would continue to be the largest segment of exports constituting about 56% of the total exports and to a value of US $ 4.3 Billion out of the total US $ 7 billion.

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The Associated Chambers of Commerce and Industry of India

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