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Leather exports may touch $14 bln mark by 2017; double jobs

NEW DELHI: India's leather exports are expected to touch the USD 14 billion level by 2017 and may double jobs in the sector to 5 million, Council for Leather Exports (CLE) today said.

At present, the sector employs 2.5 million people mainly in leather hubs, including Agra, Kanpur, Kolkata, Chennai, Mumbai, Bangalore and Puducherry.

"We expect leather exports to touch USD 14 billion by the end of the 12th Five-Year Plan (2017). In the last fiscal, leather exports grew 3 per cent to USD 5 billion," CLE Executive Director R Ramesh Kumar said.

There has been a sluggish demand in the US and European markets, he added.

He was talking to reporters on the sidelines of a function organised by Italy-based Riva del Garda which organises leather items fair named 'Expo Riva Schuh India'.

The US and Europe together account for over 65 per cent of the country's total leather exports.

Asked about the roadmap to increase leather exports, Kumar said, "Our strategy includes doubling our existing one per cent share in the American market and exploring new markets like Russia, Japan and Latin America."

Of the total people employed, 70 per cent of them are women.

"By providing more jobs to people, the standard of living of people would increase as most of them are under- privileged," Kumar said.


News Source: economictimes.indiatimes.com