COUNCIL FOR LEATHER EXPORTS
Leather, footwear exporters seek PLI scheme in Budget to boost jobs, manufacturing, shipments
The Council for Leather Exports (CLE) urged the government to extend the Production-linked Incentive (PLI) scheme for the leather and footwear sector to boost job creation and manufacturing. At a pre-budget meeting, CLE Chairman Rajendra Kumar Jalan also requested import duty exemptions on wet blue, crust, and finished leather to enhance competitiveness.
Leather exporters seek national policy to attract investments, create jobs, boost shipments
CLE Executive Director R Selvam said that the sector needs a national policy as it is a labour-intensive sector, which employs about 4.4 million, with over 85 per cent women.
Export orders rise 10% in six months on demand from US, EU
Export orders up 10% in EU, West Asia, US driven by leather goods, footwear, apparel demand in India. Challenges for engineering goods due to geopolitical tensions. Increase in apparel orders from UK and demand for non-leather footwear. Positive impact of trade pacts with Australia and Mauritius. Market recalibration after inventory decline, logistics issues, and geopolitical tensions.
Facing delays, exporters seek priority shipment for MSMEs
Indian exporters seek priority shipment for MSMEs at Delhi Airport due to delays caused by Bangladesh transhipment, leading to quadrupled air freight costs. Requests made to suspend transshipment facility for Bangladesh cargo.
India set to sign trade deal with Oman to expand its Middle East ties
India and Oman have annual trade of less than $13 billion, but the relationship is important for New Delhi as the Gulf nation is a gateway to the narrow Strait of Hormuz between Oman and Iran, a major transit point for global oil shipments.
India's plastic exports rise over 14% on-year to $997 million in February
In February 2024, India exported plastics worth $997 million, an increase of 14.3% from $872 million in February 2023.
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View: Fashion should be fun, not fatal
While the bulk of leather in fashion is derived from cattle, leather from reptiles is another industry. For this, crocodiles are bred in rancid, severely crowded concrete pools, and snakes are nailed to trees. In a crude attempt to kill them, pythons are pumped full of air, which creates crushing pressure, but may not kill the animals. This means that snakes may still be alive as workers peel off their skin and disembowel them.
China will be in Modi's crosshairs if he wins a third term
The Modi government aims to make India the world's third biggest economy and a competitive rival to China. It focuses on boosting domestic manufacturing, merchandise exports, and reducing import duties. India plans to emerge as a global semiconductor manufacturing powerhouse. The pandemic and geopolitical factors have forced the Western world to move supply chains away from China which has been their factory for a long time, supplying a large number of manufactured goods.
Red Sea ‘sharks’ threaten to wreck India’s economic plans tied to exports
As global disruptions put export targets under a cloud, the government has taken a cautious approach by setting flexible export goals. Experts say now is the time to expedite FTA talks to stabilise the situation.
Leather exporters seek fiscal incentives in Budget
The council has also suggested the government to consider permitting the export of all value-added leathers, including crust leathers, freely without any export duty, norms, inspection, testing or certification.
Solidaridad Regional Expertise Centre and Council for Leather Exports sign MoU for upskilling Indian leather sector
The Memorandum of Understanding (MoU), which was signed in Delhi today, will be effective from 1 January 2024 till 31 December 2028. “The MoU initiates a pivotal five-year partnership between SREC, a prominent not-for-profit organization established in the year 2008, and CLE, operating under the Ministry of Commerce and Industry, Government of India,” a media release stated.
More than 60 Indian firms to showcase leather products at Dubai event to boost exports
India is the second-largest exporter of leather garments, third-largest exporter of saddlery and harnesses and 4th largest exporter of leather goods in the world.
Commerce ministry panel reviewing guidelines for elections of EPCs, FIEO to submit report by month end
The commerce ministry's committee which is reviewing eligibility criteria for election of office bearers of export promotion councils (EPCs) and apex exporters body FIEO is likely to submit its report by the end of November. The committee is expected to submit its report by the end of this month. Exporters have urged the ministry for early release of the report so elections can be conducted in the councils and FIEO as per new criteria.
Why footwear makers and exporters are divided over quality standards
While all stakeholders say the quality control order is beneficial for the industry, manufacturers say the implementation is trampling over the unorganised players.
India brings major footwear & leather show to London
On Wednesday, a special curtain-raiser was hosted in London by the High Commission of India in order to showcase India as the second-largest footwear producer and exporter of leather garments.
IHGF Delhi fair: 3,000 exhibitors, 100 plus buyer countries likely to participate
Buyers from companies and departmental stores who have already confirmed their visit to the show include Flamant from Belgium, Canada’s Gibb and Daan, Simpli Home Ltd, France’s Loulou du Pont Neuf, Vanam interiors, Spain’s Casa Barrera, S.L; Homestead Decore, South Africa, and the UK’s Sainsbury's Supermarkets, Indus Valley Furniture Ltd, My Doris Limited.
'India should prepare its exporters to deal with compliance norms of EU's deforestation regulation'
"Indian exports may take a bigger hit than exports from other competing countries to the EU because of India's higher deforestation rate," the report said, adding India's exports will also be affected by the complex compliance requirements of the EUDR and the EU's Foreign Subsidies Regulation (FSR).
Declining exports: Commerce ministry to meet exporters on Monday
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said. Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data.
India’s exporting more phones and cars, while jewellery and textiles take a backseat; Is this a temporary change or a permanent feature?
India's merchandise exports have experienced a significant shift, with growth in sectors such as electronics, telecom, mobile phones, machinery, automobiles, and petroleum, while traditional export items like gems, jewelry, apparel, meat, and leather have declined. The share of electronics exports rose by 73% from 2015 to 2022, while machinery exports grew by 40%. However, India's overall share in global merchandise exports remains low, signaling the need for more trade agreements and investment in sectors like jewelry and textiles.
From Dongguan to Agra: How China+1 sentiment has given a leg up to India's leather industry
The leather and footwear industry in India has started reaping the benefits of the global trend to diversify the supply chain from China.
India's exports to Germany may get adversely impacted due to recession: Exporters
The German economy contracting for two consecutive quarters could affect India's export to Germany and Europe as a whole. The most affected sectors would be leather products, chemical and light engineering items, and exports like apparel, footwear, and leather goods. Yogesh Gupta, the FIEO Eastern Region's Regional Chairman, stated that it is too early to comment on the impact of the recession on Indian exports, but Germany being the main growth driver for the EU, the recession there will impact the purchasing there.
Commerce min reviewing existing guidelines for elections of EPCs, FIEO
According to an office memorandum, a three-member panel has been constituted to review the existing guidelines and make suitable recommendations about representation of different stakeholders in the managing committee and other posts. The panel is likely to take about two months to complete the exercise and submit its recommendations.
Indian leather shines abroad, witnesses' exports boom
As international footwear brands look to source their production needs, and with many also looking to diversify outside of China, the world's current largest producer and exporter of leather, experts believe that Agra would fit the bill.
Can Budget 2023 help boost India's manufacturing ambitions amid cooling external demand?
The Modi-led government has been aiming to make India a global manufacturing hotspot, however, low external demand may turn out to be a stumbling block. The export-intensive sectors of India, including gems & jewellery, ceramic & glassware, leather & leather products, drugs & pharmaceuticals, engineering & electrical goods and textiles & garments, are likely to be hit majorly amid a global slowdown in world trade.
New scheme to manufacture machinery for trimmings in works, says Industry Minister Goyal
At an export award event, he also said the government is trying to devise a new scheme to support domestic manufacturing of machinery to produce trimmings, embellishments and other accessories. Goyal said that the MOOWR scheme will make business more competitive in the exports market as exporters won't be required to have an advance authorization or license for every single product that they import for the purpose of re-export.
India-Australia pact kicks in; zero duty for 96.4% exported goods
Australia is offering zero-duty access to India from day one for about 96.4% of the products exported, including many that currently attract 4-5% customs duty in Australia, such as leather, textiles, and gems and jewellery.
Indian leather and footwear exports to WANA region up by 20% in 2022
Opening the India Footwear and Leather Products Show 2022 in Dubai on Monday as part of the Indian government's export promotion drive across global markets, Council for Leather Exports (CLE) Chairman Sanjay Leekha said the growth momentum for Indian exports to the region is all set to see a marked scaling up, particularly in the UAE.
Commerce and Industry Minister Piyush Goyal to meet export promotion councils on October 7
The meeting assumes significance as India's exports contracted by 3.52 per cent to USD 32.62 billion in September against USD 33.81 billion in the same month last year, while the trade deficit widened to USD 26.72 billion during the last month.
Leather, footwear exports to cross USD 6 bn in 2022-23: Council for Leather Exports
The industry is also urging the government to extend the Production Linked Incentive (PLI) Scheme to the sector. The government recently approved the Indian Footwear and Leather Development Programme (IFLDP) for continuation from 2021-22 with an approved financial outlay of Rs 1,700 crore. During April-January this fiscal, leather and leather products exports rose by 33 per cent to USD 3.6 billion. The exports stood at USD 3.3 billion in 2020-21 and USD 4.7 billion in 2019-20.
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