Leather Industry

West Bengal Chief Minister Mamata Banerjee on Thursday said the Bantala leather complex in Kolkata will get an additional investment of Rs 10,000 crore. In the last one year, 92 new tanneries have been given land lease for setting up units in the complex, she said. "At Bantala, Rs 30,000 crore have been invested that generated employment for three lakh people. Another Rs 10,000 crore will be invested," Banerjee said at a programme here in Howrah district. There are 50 units at Bantala and 50 more are coming up, the CM said. Banerjee on Thursday also laid the foundation stone of several projects and extended government services to six lakh people in five districts - Howrah, Hooghly, South 24 Parganas, North 24 Parganas and Nadia. She said the Duare Sarkar' (government at doorstep) scheme will be held every three months. Nine crore applications for the scheme were received by the state government, of which seven crore have been considered, the chief minister said. Efforts are unde

Sources say refunds of 600 entities not being processed

Union Commerce and Industry Minister Piyush Goyal said India has the potential to become a world leader in the footwear and leather sector

Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering a new scheme to support domestic manufacturing of machinery and accessories used in the leather industry. He also expressed hope that the country's exports during the current fiscal would register a high growth rate in both goods and services compared to 2021-22. In 2021-22, exports of goods and services touched an all-time high of USD 676 billion. "We are trying to draw up a new scheme to support manufacturing of machinery domestically, to support manufacturing of trimming or embellishments and other accessories that may be required in your industry," Goyal said here at an event of Council for Leather Exports (CLE). On the council's demand for the reinstatement of basic customs duty exemption on the wet blue crust and finished leather, Goyal assured them to take up the matter with the concerned ministry. According to CLE, such leathers are mainly imported by domestic exporters for making ...

Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January

The industry is also urging the government to extend the Production Linked Incentive (PLI) Scheme to the sector.

India should aim to achieve more than $10 billion worth of leather exports by 2025, Union Minister of Commerce and Industry, Piyush Goyal, said on Wednesday.

India is seeking duty free market access for its leather goods in countries, including UAE, UK and Australia, with which it is negotiating Free Trade Agreements to boost manufacturing and exports

'Customs duty hike to make leather expensive', said Alberto Torresi director

India is the second largest global producer of footwear with 2.6 billion pairs/year in 2019, whereas China ranks first with 13.47 billion pairs

The third of a 5-part series analyses the reasons behind the shrinking foothold of the sector

Issues monthly roster for tanneries to operate for 15 days each by rotation

According to commerce ministry data, India imported leather and leather products worth $1.01 billion in FY20

Though they have very few orders in hand right now, they are pinning hopes on leather units catering to the defence sector and police for safety shoes

The manufacturing sector contributes about 15 per cent in the country's economy and the government is aiming to increase it significantly

On the capital issue, he said cost of capital is high in the country and it is difficult to get finance from the banking system

Industry blames state Jal Nigam, which runs the treatment plant, for falling short on its commitment to treat effluents generated by tanneries

Exports from the sector have declined by 4.90 per cent during AprilJune 2019, primarily due to reduction in exports to Europe, which is the major market, accounting for about 53 per cent of exports

Close to 60 per cent of the new allotment has been for tanneries based in Uttar Pradesh

Tanneries looking to re-open will have to satisfy environmental norms of NGT and UP Pollution Control Board