Indian leathergoods export growth set to decline
Indian leather exports are expected to fall in the
financial year 2012-13 compared with the current year.
According to commerce secretary S R Rao, leathergoods
exports grew 29% in 2011-12, but growth is set to fall to just 20% in the
period to March 2013.
During the first eleven months of 2011-12, India recorded
leathergoods exports of $4.5 billion, with Europe (particularly Germany, the UK
and Italy) and the US accounting for the largest share.
Rafeeque Ahmed, chairman of the Council
for Leather Exports (CLE),
said: "Our share of market in the US and Europe is still small. Despite
the slow growth, there is still scope for us to grow our market share."
