2015-02-02

India\'s leather sector to touch $27 billion turnover

In five years time, exports are expected to touch $15 billion from the current level of $5.91 billion.

India\'s leather sector to touch $27 billion turnover

India's leather sector is expected to touch $27 billion in five years, according to an official.

"The leather sector has been notified as a focus sector in the 'Make in India' programme. The sector is expected to touch $27 billion in the next five years from the current turnover of $12 billion," J.S. Deepak, Additional Secretary, Department of Commerce told IANS.

"In five years time, exports are expected to touch $15 billion from the current level of $5.91 billion," said Rafeeque Ahmed, Chairman, Council for Leather Exports (CLE).

The IANS report further stated that the industry shipped out goods worth $4.45 billion in the last eight months which is up from $3.8 billion during the corresponding period of the previous year.

"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," said Deepak.

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