New policies can help Indian leather achieve “ambitious” target, ITPO says
01/02/2016
Turnover in the Indian leather sector at the moment is $12 billion, with around $6.5 billion of that coming from export business. The growth rate of the Indian economy overall is currently running at 7.4% per year.
Speaking to international media at the event, Mr Goyal said: “You have to be ambitious. This is how you achieve good things. Whatever needs to be done to achieve this target will be done. The government is going to simplify procedures to make it easier to export products from India and work hard to encourage entrepreneurs to set up new ventures. There is immense optimism here and the leather industry has played a prominent role in bringing that optimism because it exports more than 50% of its turnover and 3 million people are engaged in working in it, with women representing 30% of that workforce. Can there be a better sector for women and for industrial promotion than this one?”
He went on to describe initiatives to support the development of the Indian economy such as Make In India, Digital India, Clean India, Skill India and Stand Up Start-Up India as “a new eco-system” for the country. These are much more than just slogans, he added, and signify reform of procedures and a better policy framework.
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