Euro turmoil impacts Indian leather sector
12/06/2012
According to India’s Council for Leather Exports (CLE), economic problems in the Eurozone have had a major impact on the country’s leather industry.
The leather industry’s turnover was $4.72 billion in 2011-12, up 22.9% compared with $3.84 billion in 2010-11. However, warmer weather and declining exports to key European markets are expected to cut turnover considerably in 2012-13.