In a significant move to strengthen India’s position in the global leather market, the government has reduced export duties on leather goods, aiming to boost the country’s leather exports. This reduction is designed to enhance the competitiveness of Indian leather products in international markets, particularly in regions like Europe, North America, and Asia, where demand for high-quality leather goods and footwear is growing rapidly. By making Indian leather products more affordable and accessible to global consumers, the government seeks to increase export volume, support local manufacturers, and stimulate growth in the leather industry.
The reduction in export duties comes as part of the government’s broader strategy to support the leather sector in its goal of becoming a $47 billion industry by 2030. With a focus on sustainability, innovation, and production efficiency, this policy shift is expected to make Indian leather products more competitive in a market that increasingly values eco-friendly and ethically produced goods. The move will also encourage foreign investment in the sector, further improving infrastructure, manufacturing capabilities, and technology adoption.
In addition to boosting exports, this policy is expected to create thousands of new jobs, particularly in regions like Tamil Nadu, which remains the hub of India’s leather and footwear industry. With these new measures in place, India is set to increase its global market share in leather exports, reinforcing its status as a leading exporter of premium leather goods and footwear.
