Footwear and garment exports let India down - leatherbiz: Leading news Leatherbiz

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Footwear and garment exports let India down

21/01/2013
During the first eight months of the current financial year (April-November 2012), Indian exporters of leather, leather footwear and leathergoods have earned $3.2 billion against a figure closer to $3.3 billion in the corresponding period of the previous financial year.

The decline is close to 2.2%, with falls in exports of leather shoes and garments making the biggest contribution to the downturn.

Exports of finished leather were up in value, from $694 million to $730 million, registering growth of 5.2%. Exports of leathergoods rose by 6.3% to $759.3 million. But exports of leather footwear, leather garments and footwear components fell by 9.1%, 5.7% and 20.4% respectively, with values for the April-November 2012 period of just over $1 billion, $367.7 million and $159.6 million respectively.


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