India. Tanners look to the US to diversify while shoemakers ask for fewer taxes

The export of Indian leather has a negative trend. According to the Council for Leather Exports (CLE), between 2016 and February 2017, the total exports of leather dropped by 4.12%. In the fiscal year of 2017, the equivalent value of exports was $ 5.1 billion, or 1.4% lower than the same period of the previous year, considering exchange rate fluctuations with the Indian Rupee. Other sectors are struggling as well. According to CLE for the period April-January 2017, leather footwear exports ($ 1.7 billion) are down 0.7%, clothing is down by 4.4% (458 million) and the accessories recorded -5.1% (1.1 billion). Adesh Gupta, president of Liberty Shoes (Indian giant distributed in 25 countries with a production capacity of 6,000 pairs a day), calls on the local and national government to lower taxes to boost investment and employment. Israr Ahmed, president of the CLE of the southern Indian states, instead invites revision of internationalisation strategies. According to his analysis, the drop in exports is due to the instability of European markets. For this reason, the US market will be decisive in 2017 to resume the export of skins from India.


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