India: leather exports could reach $5.2b
03/04/2012
“Our exorts will see growth and increase further in the current fiscal. Exports will be at $5.2 billion in this fiscal,” he told media.
He added that the council has asked leather exporters to increase their capacities and modernise their units so that the Indian leather sector increases its global competitiveness. Mr Ahmed also said that they are planning to increase their international marketing efforts which could further help to boost leather export growth.
He also said: “We have to focus in the other markets like Latin America and Africa as we have done last fiscal. We will continue to focus on those markets in this fiscal as well.”
The major markets for Indian leather products are Germany, with a share of 14.3%, the UK with 12.8%, Italy with 11.5%, the US with 8.7% and Hong Kong with 8.1%. Exports of leather from India are expected to reach about $4.8 billion in fiscal 2011-12 and likely to touch $5.4 billion by 2014.
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