Growth for India’s leather exports as CLE chases big target
India’s Council for Leather Exports (CLE) has reported revenues of $1.4 billion for the first four months of the current financial year, April-July 2021. The figure for the same months in 2020, at the start of the covid-19 pandemic, was just over $770 million.
This time, finished leather exports rose in value by 80% to reach more than $150 million, while exports of leather footwear brought in revenues of $580 million, up by more than 70%.
Leather garments brought in just over $100 million in the four-month period, up by 77% year on year.
The increase for leathergoods was even greater, more than doubling to export revenues of almost $360 million.
India’s ministry of commerce and industry has set the leather industry an export target of close to $6 billion.
