Leather sector to play a major role in Indian economy
February 1st, 2011 - 12:32 am ICT by IANSChennai, Jan 31 (IANS) The leather industry is one of the engines of India’s economic growth with 75 percent of the industry output contributed by micro, small and medium enterprises (MSME) sector.Inaugurating the 26th India International Leather Fair (IILF) here Monday, union Minister for Micro Small and Medium Enterprises Vir Bhadra Singh, said: “The MSME sector contributes 40 percent of the country’s exports. It would continue to play a major role in the future also providing majority of the employment opportunity.”
He assured the leather exporters that the government would do what ever the industry requires for growth.
The IILF is organised by Indian Trade Promotion Organisation (ITPO) and Council for Leather Exports (CLE).
Speaking at the function, CLE Chairman Rafeeque Ahmed said the size of the Indian leather industry is estimated to be in the region of $7 billion of which nearly $3.5 billion comes from exports.
The four-day fair is expected to attract around 20,000 visitors. The current year’s event will be the largest in the fair’s history as it covers around 9,000 sq metres of exhibition space.
Around 410 companies will be showcasing their products/services of which 129 are from 20 overseas countries.
- $8.25 billion exports by 2014 achievable: leather exporters - Jan 30, 2011
- MSMEs want separate pre-budget meeting with finance minister - Jan 14, 2012
- Bengal to form MSME panel - Jan 19, 2012
- Virbhadra Singh meets Mozambique Trade Minister - Mar 30, 2011
- Push key reforms: Industry's budget wish list - Feb 03, 2012
- SIDBI may achieve 21 percent credit growth by March-end - Feb 10, 2012
- 'Opportunity for Indian leather exports in Europe, US' - Feb 19, 2012
- Problems of Bengal small/medium industries being probed: Minister - Jul 11, 2011
- Indian leather exports to retain over 10 percent growth - Feb 16, 2012
- Manufacturing policy is designed to create jobs: CII - Nov 13, 2011
- Government approves mandatory procurement policy from SMEs - Nov 01, 2011
- High credit and raw material costs affecting small firms: CII - Jun 20, 2010
- Crisil to target SMEs in tier II, III towns - Feb 22, 2012
- India, South Africa to cooperate in SME sector - Nov 15, 2011
- Virbhadra Singh welcomes budget allocation of Rs. 2700 crore for MSME sector - Feb 28, 2011
Tags: ahmed, bhadra, economic growth, employment opportunity, exhibition space, india international, indian economy, indian leather industry, itpo, leather exporters, leather exports, leather sector, overseas countries, small and medium enterprises, sq metres, trade promotion organisation, union minister