CLE: Demands PLI scheme for leather sector

12 March 2022, Mumbai:

Council for Leather Exports, India (CLE)

Service to Leather & Leather Products Exporters since 1984.

The Council for Leather Exports (CLE) is the single largest and Apex trade promotion orgnisation of the strong and rapidly growing Indian leather & leather products industry.

CLE is committed to the overall development of the Indian leather sector and achieving higher export growth to enhance India’s share in the global leather trade.

ALSO READ: The Council for Leather Exports is optimistic that the Union Budget would help the sector

Production Linked Incentive Scheme (PLI)

PLI for Large Scale Manufacturing

The domestic manufacturing sector faces a lack of a level playing field vis-à-vis competing nations.

The sector suffers disability on account of lack of adequate infrastructure, domestic supply chain and logistics;

high cost of finance;

inadequate availability of quality power;

limited design capabilities and focus on R&D by the industry;

and inadequacies in skill development.

*Council for Leather Exports (CLE) on Wednesday urged the government to extend the production-linked incentive (PLI) scheme to the sector and consider setting up a leather park to boost manufacturing, export, and job creation.

CLE Chairman Sanjay Leekha said India's leather and footwear exports stood at USD 5.5 billion at present, which is expected to be doubled by the end of 2025.

Besides, the market size of the domestic leather and footwear sector will grow from USD 12 billion to USD 20 billion by 2025, he said at the Leather Accessories Footwear Conclave and Awards of North India-LAFCAN-2022.

Leekha sought "the support of the government in achieving the envisaged targets by extending the PLI (scheme) to the leather sector and also considering a leather park scheme similar to the textile sector".

RELATED ARTICLE Import duty exemptions on leather products to boost exports, says CLE

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CREDITS: ET.