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Leather exports may touch $14b

PRESS TRUST OF INDIA New Delhi, 2 July India’s leather exports are expected to touch the $14 billion level by…

PRESS TRUST OF INDIA
New Delhi, 2 July
India’s leather exports are expected to touch the $14 billion level by 2017 and may double jobs in the sector to five million, Council for Leather Exports (CLE) today said.
At present, the sector employs 2.5 million people mainly in leather hubs, including Agra, Kanpur, Kolkata, Chennai, Mumbai, Bangalore and Puducherry.
“We expect leather exports to touch $14 billion by the end of the 12th Five-Year Plan (2017). In the last fiscal, leather exports grew by three per cent to $5 billion,” CLE executive director, Mr R Ramesh Kumar said.
There has been a sluggish demand in the US and European markets, Mr Kumar  added.
He was talking to reporters on the sidelines of a function organised by Italy-based Riva del Garda which organises leather items fair named ‘Expo Riva Schuh India’.
The USA and Europe together account for over 65 per cent of the country’s total leather exports.
“We expect that jobs would be doubled to five million in the sector by 2017,” he added.

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