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CII signs MoU with Ethiopian Leather Industries Association
25
Mar '08
To help their respective leather sector in order to increase share of global presence in terms of export earning and volume of leather products, India and Ethiopia made a significant achievement by signing a MoU at a parallel session on leather and leather processing during the 4th CII-EXIM BANK Conclave on India Africa project partnership 2008, Taj Palace on Friday.

It is a much needed push for the Indian leather manufacturers as they would access one of the best quality raw leather from Ethiopia.

While inaugurating the session, Mr Shyamal Gupta, chairman, CII, also a member of national committee on leather & leather products, said that we are delighted to have a cooperation with Ethiopia.

He reiterated that time has now come for Indian leather industry to take a giant move not only in domestic market but also in the global market. For India, leather is a strategic sector which has greater scope for employment generation as it is a labour intensive sector.

Approximately 2.4 millions of people presently engaged in the leather sector. He pointed out that for Ethiopia also it is a much needed agreement as for a long Ethiopia is a raw leather exporting country which gives a very low percentage value to leather.

Such kinds of hindrances have been faced by many countries of Africa. Mr Gupta emphasized that India can play a support role in capacity buildings, research and development and making African goods globally more valued and accepted.

Mr. Lemma, an Advisor from Ethiopia, while highlighting the over all growth strategy of Ethiopian economy said that one of the key emphasis is given to private sector as a engine of growth.

Export led industrialization, greater use of local resources and strengthening of the labour intensive technology are some of the important issues.


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