| Date: |
16-04-2011 |
| Subject: |
Leather Exports Up 10 Per Cent In December |
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India's leather exports grew by10.4 per cent to USD 352 million in December 2010, on ayear-on-year basis, thanks to the rising demand from the USand European markets.
In December 2009, leather exports stood at USD 319million, according to the data provided by the Councilfor Leather Exports (CLE).
"There is a good demand for our products, especially fromthe US and European markets,"CLE Executive Director Ali AhmedKhan said.
The US and Europe together account for about 80 per centof the country's total leather exports.
To reduce dependence on western markets, the exportershave been exploring new destinations like Turkey, Jordan,
Africa, Latin America and the Middle East.The council is confident about achieving the exporttarget of USD 3.75 billion set for the last fiscal.
In the first nine months of 2010-11, leather exports jumped about 11 per cent to USD 2.75 billion compared to USD2.48 billion in the corresponding period of the previousfiscal.
During 2009-10, leather exports declined by 5.51 per centto USD 3.4 billion compared to the previous fiscal due torecession in western markets.
Source : indiareport.com
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