India's leather sector expected to reach $27 billion turnover


Chennai, Jan 31 (IANS): India's leather sector is expected to touch $27 billion in five years, officials said here Saturday.

Speaking to reporters, J.S. Deepak additional secretary, Department of Commerce, said the leather sector has been notified as a focus sector in the 'Make in India' programme.

He said the sector is expected to touch $27 billion in the next five years from the current turnover of $12 billion.

According to M. Rafeeque Ahmed, chairman, Council for Leather Exports (CLE), in five years time exports are expected to touch $15 billion from the current level of $5.91 billion.

During the first eight months of the current fiscal the industry shipped out goods worth $4.45 billion up from $3.8 billion logged during the corresponding period of the previous year.

Deepak said the government is looking at ways and means to support the industry to set up effluent plants. It will soon come out with concrete measures.

Speaking about the India International Leather Fair to be held here Feb 1-3, Deepak said 440 companies are participating in the event, up from 385 companies that participated last year.

  

Top Stories


Leave a Comment

Title: India's leather sector expected to reach $27 billion turnover



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.