India’s export of leather products and footwear has jumped to $641.72 million in April-May 2021 from $ 146.79 million in the corresponding period last year, the Council for Leather Exports (CLE) said. CLE is expecting this growth trend to continue during the coming months.
CLE’s newly elected chairman Sanjay Leekha said that after a prolonged period of market slowdown caused by the Covid 19 pandemic, which led to 27.72 per cent decline in the exports during 2020-21, the sector is back on the growth track with the outbound shipments showing impressive resurgence during the current fiscal so far.
“As per latest data, export of leather, leather products and footwear increased from USD 146.79 million in April-May 2020 to USD 641.72 million in April-May 2021. This is a very good beginning for us, which we hope to sustain in the coming months, as India is viewed as a favourite sourcing and investment destination,” he said in a statement.
Stressing on the importance of digitisation, he said the pandemic has ushered in or rather intensified the digital era. “With increasing prominence of e-commerce platforms and also virtual exhibitions, we must ensure optimum utilisation of the various available digital modes to gain further market access,” he added.
The chairman informed that the council has organised 12 virtual buyer-seller meets/ B2B events during 2020-21 in more than 17 countries and has planned about 20 events which include participation in international exhibitions, buyer-seller meets and designers’ fairs.
The CLE plans to organise virtual meets and webinars in the US, Israel, Guatemala and Germany in co-ordination with Indian Missions concerned. Further, he added that the Indian Footwear and Accessories Development Programme (IFLADP) implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) during 2017-21 has played a vital role in modernisation and technological up-gradation of production units and skilling of workforce.