The leather exports (CLE) said on Sunday that the announcement to launch a concentrated product plan for footwear and leather areas would increase productivity, competitiveness and exports by more than Rs 1.1 lakh crore.
CLE said the scheme would support the design capacity, component manufacturing and machinery required for the production of quality footwear made from anything other than leather. CLE chairman Rajendra Kumar Jalan said in a statement, “The scheme will support important areas such as design capacity, component manufacturing and machinery for the production of products,” said in a statement.
He said that this scheme is expected to provide employment to 22 lakh people, business of four lakh crore rupees and export of more than Rs 1.1 lakh crore. Jalan said that by drawing investment from this scheme, production and productivity will increase and the constituents and machinery ecology of the region will get strengthened.
Relvam, Executive Director, Leather Export Council, said that the proposal to remove 20 percent export duty on raw leather and 10 percent import duty on wet blue leather will strengthen the tanning industry and will significantly boost the export of price -added products from the country.
Rafiq Ahmed, chairman of the Chennai -based Farida Group, said that the scheme had long needed and this would encourage exports. Leather exports were $ 4.69 billion in FY 2023-24. Managing Director of Kanpur -based Gromore International Limited, Yadavindra Singh Sachan said that budget announcements will help in promoting manufacturing and exports.