News & Insights

India can look at over $10 bn in leather exports by 2025: Minister

Published: November 19, 2021
Author: Manali bhanushali

India’s leather industry should aspire to be the topmost in the world, commerce and industry minister Piyush Goyal recently said. Satisfied that the sector is aspiring to grow to $10 billion by 2025—though that still gives it a growth rate of only 15-17 per cent—he said that because of the sector’s potential, it can look at even more ambitious targets.

Kolhapuri chappals alone can achieve $1-billion exports target, he told the National Export Excellence Awards presentation ceremony of the Council for Leather Exports (CLE) in New Delhi.

Goyal appealed the leather industry to be self-sufficient and not wait for the government to roll out schemes, give land at subsidised rates or come out with a performance-linked incentive scheme, an official release said.

He assured that the government will help the industry by setting up Bureau of Indian Standards laboratories in close proximity to leather clusters.

Related Posts

North India Spot Rate (New Crop) ,29th July, 2020