Left Menu
Development News Edition

Expecting continuous improvement in leather, footwear exports in coming months: CLE chairman

The country's exports of leather and footwear items are expected to see continuous improvement in the growth rate in the coming months on account of increasing demand in global markets, CLE said on Friday.

PTI | New Delhi | Updated: 18-09-2020 15:49 IST | Created: 18-09-2020 15:49 IST
Expecting continuous improvement in leather, footwear exports in coming months: CLE chairman

The country's exports of leather and footwear items are expected to see continuous improvement in the growth rate in the coming months on account of increasing demand in global markets, CLE said on Friday. Council for Leather Exports (CLE) Chairman Aqeel Ahmed Panaruna said the exports in August stood at USD 356.15 million and "our industry is confident of achieving 90 per cent of last year's exports in September".

The sector's export in July was USD 333 million and USD 245 million in June. He added that as of now, there is an increase in demand for casual products and lesser demand for formal items, as more people are still working from home.

"But, we are optimistic that once the pandemic situation settles down, the overall demand will increase and there will be more opportunities for the sector. We should be prepared for unexpected challenges and at the same time, utilise the emerging market opportunities," Panaruna said. The industry, which employs 4.42 million people, was also hit by the COVID-19 pandemic.

Italy, Germany, Spain, France, the UK and the US account for about 65 per cent of India's leather exports..


TRENDING

OPINION / BLOG / INTERVIEW

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Guinea’s elections hearken back to the autocracy and violence of its past

... ...

Videos

Latest News

UK police say stowaways threatened oil tanker crew, no injuries reported

British police said stowaways made verbal threats to crew on board the Nave Andromeda, an oil tanker in the English channel, and that no injuries had been reported, but the incident was ongoing.At 1004 a.m. today Oct. 25, concerns were rais...

France reports record 50,000 daily COVID cases

France registered a record 52,010 new confirmed coronavirus cases over the past 24 hours, following a record 45,422 on Saturday, the health ministry said in a statement on Sunday.The new cases took the total to 1,138,507, with France now ah...

Lufthansa to ground more planes during winter as pandemic bites

Deutsche Lufthansa is preparing to ground more planes than planned and cut working hours during the winter as a surge in coronavirus infections is putting people off travelling. Lufthansa and its subsidiaries Eurowings, Swiss, Austrian and ...

Rugby-England win women's Six Nations title after France fall short

England won a record-extending 16th womens Six Nations title, with a game to spare, after they took an unassailable lead in the standings when France failed to beat Scotland on Sunday. France needed to win their final two games to be in wit...

Give Feedback