Leather exports to grow from Rs 3,000 crore to Rs 8,000 crore over reduction in duties

Israr Ahmed, who is director of Farida Prime Tannery said that it would benefit the Tamil Nadu leather manufacturers immensely. However, leather exporters are keenly waiting for more details on the focus product scheme, which was announced by the Finance Minister for enhancing the productivity, quality and competitiveness of India’s footwear and leather sector.

The scheme will support design capacity, component manufacturing, and machinery required for the production of non-leather quality footwear, besides the support for leather footwear and products. The scheme is expected to facilitate employment for 22 lakh persons, generate a turnover of Rs 4 lakh crore and exports of over Rs 1.1 lakh crore.

Tamil Nadu has emerged as the go-to destination for global footwear manufacturing giants like Nike, Puma, Adidas and many many more. The focus is now on developing non-leather footwear hubs like Ranipet and Perambalur.