The Council for Leather Exports (CLE) has welcomed the government’s decision to reduce export duties on several leather products, including footwear, bags, and finished leather goods, calling it a significant move that will help boost India’s leather sector. The reduction in export duties is expected to make Indian leather products more competitive in global markets, particularly in Europe, the United States, and the Middle East, where demand for high-quality leather goods remains strong.
This policy change is expected to encourage more investments in the leather and footwear sectors, allowing Indian manufacturers to scale up production, diversify product offerings, and expand into new international markets. It will also help small and medium enterprises (SMEs) in the leather industry, who often face challenges due to high production costs, making their products less attractive to foreign buyers.
According to the CLE, this move aligns with the government’s broader goal of promoting exports and supporting the Make in India initiative by making Indian leather products more accessible and affordable for global consumers. The lower export duties are expected to stimulate demand, especially for premium leather goods and sustainable, eco-friendly products, which are seeing growing demand worldwide.
In addition to the immediate impact of reduced export duties, the leather sector is poised to benefit from the government’s focus on creating a robust infrastructure for the industry, including the establishment of leather parks and footwear hubs in key manufacturing regions like Tamil Nadu and Uttar Pradesh. These efforts, combined with tax incentives and technological advancements, will provide further momentum for India’s leather sector to become a global leader in sustainability, innovation, and exports.
