CLE expects improvement in leather, footwear exports

The growth rate of India’s exports of leather and footwear products is likely to see an improvement in the next few months due to a rise in global demand, according to the Council of Leather Exports (CLE), whose chairman Aqeel Ahmed Panaruna recently said the exports in June, July and August stood at $333 million, $245 million and $356.15 million respectively.

“But, we are optimistic that once the pandemic situation settles down, the overall demand will increase and there will be more opportunities for the sector. We should be prepared for unexpected challenges and at the same time, utilise the emerging market opportunities,” Panaruna was quoted as saying by a news agency.

Italy, Germany, Spain, France, the United Kingdom and the United States account for about 65 per cent of India”s leather exports.