Financial boost for Indian leather and footwear sect - leatherbiz: Lea Leatherbiz

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Financial boost for Indian leather and footwear sector

12/10/2018
India’s central government has formally approved a special support package for the country’s leather and footwear sector.

The initiative, known as the Indian Footwear, Leather and Accessories Development Programme (IFLADP), was unveiled ahead of the 2018 Indian International Leather Fair (IILF) in Chennai in February. It is backed by government investment of Rs 2,600 crore (more than $400 million). 

Among the areas in which this money will be spent are training new skilled workers, supporting the growth of micro, small and medium enterprises (MSMEs), establishing new mega leather clusters and installing or upgrading common effluent treatment plants.

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