Search Result for : Leather Goods

Sheela Mamidenna  With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanation, the Indian leather industry and its buyers are left frazzled.  According to media reports, major international fashion houses have started enquiring from their suppliers whether they would be able to meet their commitments.  Meanwhile, the Commerce and Industries Ministry has suggested a proposal to the Finance Ministry asking for a Rs 4,000-crore package, which includes both tax and non-tax benefits similar to the one announced for the textiles sector last year. According to officials ...

Deepak Kumar Underscoring the need to strengthen India’s leather industry, which has not been able to achieve its potential growth over the past few years, the government on Thursday announced a Rs. 2400 crore technology mission programme to modernise the leather industry and enable a multifarious growth to the sector.Addressing the press conference on Thursday, Science and Technology Minister Dr Harsh Vardhan said,"Efforts are being further leveraged which would provide a new impetus to the leather industry to manufacture and launch value-added products. The focus is on MSME in particular which feeds the larger industry  segment."The leather sector generates $12.5 billion revenue, which is significantly lower than the sector’s potential. The Narendra Modi -led government envisages to achieve $27 billion from ...