Summary:

India’s leather and footwear exports are expected to increase by more than 12% this fiscal year, reaching $5.3 billion, thanks to robust demand from the United States and the United Kingdom. Mr. Rajendra Kumar Jalan, CLE Chairman, noted solid order books and growing interest from global businesses. The sector employs 4.2 million people and generates revenue of $19 billion, with $5 billion coming from exports.

Jalan emphasized the leather sector's potential to generate $47 billion in revenue by 2030, with $25 billion from local manufacturing and $13.7 billion from exports. To achieve this, he encouraged the government to expand the PLI Scheme, which could create 700,000-800,000 jobs, and to eliminate the 20% export levy on wet blue and crust leather. Sachan highlighted potential opportunities in the US and EU markets.

Source: IBEF

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