SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Leather.Thmb.jpg Leather exports to grow 20 pc in 2014-15: Council

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 04 Feb, 2014
The apex nodal agency of leather exports, Council for Leather Exports (CLE), has said that country's leather exports are likely to grow 20 percent at USD 6 billion by the end of the current fiscal, and may even touch USD 14-billion mark by the end of 2017, reports media.

Leather exports are expected to rise by 20 percent to USD 6 billion by end of the current fiscal, and the industry has a target to achieve USD 14 billion by 2016-17, Rajendra K Jalan, chairman, CLE, told a leading news agency in Chennai.

After reaching an all-time high exports of USD 5 billion in 2012-13, exports in the first nine months of the current fiscal witnessed a 20 percent growth, he said, adding as per current trends, the industry will be able to achieve USD 6-billion shipments by the end of FY 2013-14.

Earlier at the inauguration of the 29th edition of India International Leather Fair here, Jalan said, "We will undertake all efforts to reach this target, it is very important that we maintain the consistent growth level of 20 percent and above in the coming years, despite the major challenges faced by the industry."

Setting up of infrastructure facilities to ramp up production and focus on the domestic market are some of the issues faced by the leather industry, he said.

The availability of leather will be a major factor which will decide the growth of this sector, he added.

"On the domestic front, India produces about 2 billion sqft of leather, but this is not enough," Jalan said.

"It is estimated that in order to achieve the export target of USD 14 billion by 2016-17, the industry requires an additional 4 billion square foot of leather. The question is how are we going to meet this huge requirement?" he added.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter