Indian export outlook brightens
The Indian Council for Leather Exporters is predicting a significant turnaround for the industry and a doubling in its exports to $4 billion by 2010 on the back of a Rs.20 billion (US$ 347.82 million) investment during the ‘Tenth Plan’ period.
Confidence levels have further been lifted by figures for the April-Oct 03 period which showed a 1.98% increase in exports to $1.15 million. Of the total, leather footwear exports were up 12.6% to $266.62 million, with leather goods rising 7.18% to $269.34 million. Increases were also recorded in non-leather footwear (+113.66% to $32.86 million) Saddlery & Harness +7.7% to $28.81 million. Reductions were seen in the exports of finished leather (-7.53% to $290.67 million), footwear components (-9.72% to $86.90 million) and leather garments (-0.05% to $172.78 million).
