Indian leather sector experiencing steady growth
In the first seven months of the fiscal year 2004-05, the Indian leather sector has seen a steady growth of over 14%. All individual product groups, except footwear components, have experienced this positive growth.
The export value for this period has reached $1328 million, which is the highest it has ever reached. For the Indian leather sector, this is a hopeful sign that the 2010 export target of $4 billion is not an unrealistic goal.
The break down showed that during the period April-Oct 04, the finished leather export had risen by 8.97% to $330.41 million from $303.21 million the previous year, leather footwear by 13.53% to $307.76 million, leather garments by 13.03% to $197.23 million, leather goods by 18.80% to $323.76 million, Saddlery & Harness by 20.93% to $33.90 million and non-leather footwear by 117.43% to $48.20 million. Footwear components had registered a decline of 7.01% to $86.87 million from $93.42 million.
