India's Leather Sector Expected to Reach $27 Billion turnover

Posted on 2nd Feb 2015 12:57 pm by mohit kumar

Chennai, Jan 31 (IANS) India's leather sector is expected to touch $27 billion in five years, officials said here Saturday.

Speaking to reporters, J.S. Deepak additional secretary, Department of Commerce, said the leather sector has been notified as a focus sector in the 'Make in India' programme.

He said the sector is expected to touch $27 billion in the next five years from the current turnover of $12 billion.

According to M. Rafeeque Ahmed, chairman, Council for Leather Exports (CLE), in five years time exports are expected to touch $15 billion from the current level of $5.91 billion.

During the first eight months of the current fiscal the industry shipped out goods worth $4.45 billion up from $3.8 billion logged during the corresponding period of the previous year.

Deepak said 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.

Speaking about the India International Leather Fair to be held here Feb 1-3, Deepak said 440 companies are participating in the event, up from 385 companies that participated last year.

Other news

Meat Ban Row: 'What is the connection between eating meat and celebrating Independence Day?' Questions raised on meat ban order; Who said what?

A major political controversy has erupted after several municipal bodies in the country ordered m

Diljit Dosanjh gave a tribute to Sidhu Moosewala, said – there are many who separate, we Punjabis have to live together

Diljit Dosanjh recently gave a tribute to Sidhu Moosewala. Diljit has given this tribute during h

Hardik-Natasha: Natasha again fueled the rumors of divorce with Hardik Pandya, said- 'God is with you'

The rumors of the divorce of actress and model Natasha Stankovic and cricketer Hardik Pandya have

Motor Insurance Premium: Car-bike insurance will have to be expensive from June 1, this decision of the government will increase the burden

There is big news for the drivers that their pocket money is going to increase. No, we are not ta

Swati Maliwal Case: '...on the contrary, the thief scolded the policeman', JP Nadda's attack on Kejriwal; Said- Delhi CM has been exposed

Launching a strong attack on Aam Aadmi Party and Delhi Chief Minister Arvind Kejri

World Cup hero Starc tops Cricket bowlers Rankings

Melbourne, March 31 (IANS) Australian pacer Mitchell Starc has surged to the top of the One-Day

Manipur Violence: 'Manipur is burning for two years, government has completely failed...', Kharge lashes out at BJP; demands a white paper

Congress President and Leader of Opposition in Rajya Sabha Mallikarjun Kharge on Friday demanded

Indo-Canada Row: Attempt to spoil the atmosphere in Dharamshala before the World Cup match, 'Khalistan Zindabad' written on the wall

Slogans of Khalistan Zindabad in Dharamshala: World Cup match is to be organized in Dharamshala.

Salaar 2: Shooting of Salaar 2 is going to start soon, know when the film will hit the theatres.

The duo of Pan India superstar Prabhas and director Prashant Neel made a huge splash with the fil

PM Modi: PM will address the meeting of Home Ministers, Home Secretaries, and DGP, and will discuss internal security

After the Diwali festival, Prime Minister Narendra Modi will address the Chintan Shivir of Home M