Indian leathermakers are targeting buyers from France, the CIS countries and in particular the US, in an attempt to increase India’s leather exports by 10% during 2003-2004.
India currently has only a 1.39% ($400 million) share of the world market for footwear which last year totalled $28 billion. Indian traders hope to increase their share to 3% over the next one to two years, with the US, which accounts for 43% of the global market, being a key target.