Indian Leather Export Council: Indian leather exports will reach US$14 billion in 2017
The Indian Leather Export Council mentioned on July 2 that by 2017, India’s leather exports will reach 14 billion U.S. dollars, and the number of jobs will also double. At that time, the leather industry will provide 5 million jobs. Currently, 2.5 million people are engaged in the leather industry, mainly in the leather processing areas, including Agra, Kanpur, Kolkata, Chennai, Mumbai, Bangalore and Pondicherry. Ramosi Kumar, managing director of the Indian Leather Export Council, said that by the end of the 12th Five-Year Plan (2017), we hope that the export value of the leather industry will reach US$14 billion. The export value of the Indian leather industry in the last fiscal year was US$5 billion, a year-on-year increase of 3%. In answering questions about how to achieve leather export goals, Kumar said that our share of the US market is only 1%, and we plan to double the US market share. In addition, we will also open up new markets in Russia, Japan and Latin America.