Indian leather exports up 28% in Q1
According to India’s Commerce Industry bureau, leather and leather goods exports amounted to Rs75 billion during April 2000 - January 2001 – an impressive 28% increase on the same period the year before. The same rate of expansion continued throughout January when exports totalled Rs6.25 billion, putting the industry on track for a record year’s earnings of Rs90 billion.
India’s top leather export market was the US, which accounted for 19% of all overseas sales. Germany, UK, Italy and France followed this, with the five countries together absorbing some 63% of the total exported.
The highest rate of growth was chalked up by finished leather, which climbed by a massive 62 % to Rs13.81 billion. Exports of leather garments earned Rs17.96 billion with leather goods earning Rs16.96 billion Leather footwear exports registered a 33% growth in January to take the cumulative figure to Rs14.21billion.
