The commerce ministry had sought stakeholders comments on its strategy paper, which came out in February, for doubling exports to USD 450 billion by 2013-14.
Inaugurating the 25th Anniversary celebration of Council of Leather Exports (CLE), India Leather Summit 2011, in the national capital, Sharma said, "Despite the fact that the sector is consistently performing well and we are one of the largest exporter of leather in the world, we still do not stand anywhere in finished leather goods market. We have to look into the finished goods market."
He said, "EU and US are the largest importers of finished leather goods and our share to these markets, in finished leather goods, is only 4 percent. Now it is time to increase our market share."
The leather exports have crossed USD 3.8 billion in 2010-11.
The minister also said that the government was committed to double exports by 2014. He said, "We will soon come out with a comprehensive strategy to double India's exports by 2014."
"We have come out with a strategy paper and plan of action which will be put in place two weeks from now," he added.
The commerce ministry had sought stakeholders comments on its strategy paper, which came out in February, for doubling exports to USD 450 billion by 2013-14.
Sharma said that skilled workforce is a big issue in the development of finished goods and he is very much concerned about it. He added that a fund of around Rs. 1200 crore has been allocated for the
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