The Council for Leather Exports (CLE) has unveiled an ambitious plan to elevate India’s leather market, setting a target of $47 billion by 2030, with a specific focus on achieving $13.7 billion in exports. This initiative aligns with India’s broader strategy to enhance its global trade footprint and boost domestic manufacturing under the ‘Make in India’ and ‘Atmanirbhar Bharat’ programs.
A significant step towards achieving this goal is the Delhi International Leather Expo (DILEX) 2025, scheduled for February 20-21 at Yashobhoomi, ICC Dwarka, New Delhi. Designed as a premier B2B platform, the event will facilitate interactions between manufacturers and international buyers, showcasing the latest industry innovations and strengthening India’s position in the global leather market.
![India Targets $47B Leather Market by 2030 with Reforms and Trade Boost 1 Leather bag](https://www.tradeworldnews.com/wp-content/uploads/2024/04/Leather-bag.jpg)
The government has implemented crucial policy changes to stimulate growth, including the elimination of the 10% Basic Customs Duty on wet blue leather and the removal of export duties on crust leather. Additionally, a comprehensive package for the footwear sector is expected to create 22 lakh jobs and elevate exports to Rs1.1 lakh crore, supported by a newly introduced Focus Product Scheme.
To empower Micro, Small, and Medium Enterprises (MSMEs), the government has expanded investment and turnover classifications while doubling credit guarantee coverage. This initiative facilitates access to Rs10 crore in credit and unlocks an additional Rs1.5 lakh crore in funding. Special financial support for SC/ST women entrepreneurs further underscores the commitment to inclusive growth within the sector.
![India Targets $47B Leather Market by 2030 with Reforms and Trade Boost 2 Leather export](https://www.tradeworldnews.com/wp-content/uploads/2024/04/Leather-export.jpg)
The forthcoming Export Promotion Mission will play a crucial role in defining specific sectoral targets, complemented by BharatTradeNet (BTN), a newly established trade platform aimed at streamlining trade documentation and improving efficiency. CLE has acknowledged the government’s consistent support in overcoming industry challenges through these strategic interventions.
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