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Fibre2Fashion
22-04-2025
- Business
- Fibre2Fashion
India's FY25 leather products, non-leather footwear exports up 25% YoY
India's export of leather products and non-leather footwear rose by about 25 per cent year on year (YoY) to $5.7 billion in fiscal 2024-25 (FY25) and the shipments are likely to cross the $6.5 billion mark this fiscal, according to the Council for Leather Exports (CLE). Demands in both developed and developing countries are healthy, order books are good for the coming months and huge demand is coming from the United States and the United Kingdom, CLE said. India's export of leather products and non-leather footwear rose by about 25 per cent YoY to $5.7 billion in FY25 and the shipments are likely to cross the $6.5 billion mark this fiscal, according to the Council for Leather Exports. The sector can reach a total turnover of about $39 billion by 2030, which includes domestic production of $25 billion and export turnover of $13.7 billion. "In 2024-25, we have exceeded the exports target by $1 billion set up by the department of commerce and going by this trend, our exports will cross $6.5 billion in 2025-26," CLE executive director R Selvam said. He said that the sector is recording growth despite global uncertainties. CLE has suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the United States, he was cited as saying by a news agency. The sector can reach a total turnover of about $39 billion by 2030, which includes domestic production of $25 billion and export turnover of $13.7 billion. Several Chinese investors are keen to join hands with Indian footwear players to set up manufacturing units in India, CLE added. Fibre2Fashion News Desk (DS)
Time of India
21-04-2025
- Business
- Time of India
Leather, footwear exports up 25 pc to USD 5.7 bn in 2024-25; may cross USD 6.5 bn in FY26
The country's leather, non-leather footwear and products' exports rose by about 25 per cent year-on-year to USD 5.7 billion in 2024-25 and the shipments are likely to cross the USD 6.5 billion mark this fiscal, exporters' body CLE said on Monday. The Council for Leather Exports (CLE) said that demands in both developed and developing countries are "healthy". "In 2024-25, we have exceeded the exports target by USD 1 billion set up by the department of commerce and going by this trend, our exports will cross USD 6.5 billion in 2025-26," CLE Executive Director R Selvam said. He said that the sector is recording growth despite global uncertainties. Sharing similar views, CLE Chairman Rajendra Kumar Jalan said that the exports are doing good in both the US and the UK, the key export destinations for India. Due to the 10 per cent tariff hike, all the exporters are giving discounts to buyers, but there were no order cancellations, Jalan said. "From April 14-15, the situation is normal. We have suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the US," he added. Order books are good for the coming months and huge demand is coming from the US and the UK, he said. He informed that the industry is labour intensive, providing employment to about 42 lakh people. The sector has a total turnover of about USD 19 billion, which includes exports of USD 5 billion. The sector has the potential to reach a total turnover of about USD 39 billion by 2030, which includes domestic production of USD 25 billion and export turnover of USD 13.7 billion, according to the industry. The industry also stated that several Chinese investors are keen to join hands with Indian footwear players to set up manufacturing units in India.
Business Mayor
21-04-2025
- Business
- Business Mayor
Leather, footwear exports up 25 pc to USD 5.7 bn in 2024-25; may cross USD 6.5 bn in FY26
The country's leather, non-leather footwear and products' exports rose by about 25 per cent year-on-year to USD 5.7 billion in 2024-25 and the shipments are likely to cross the USD 6.5 billion mark this fiscal, exporters' body CLE said on Monday. The Council for Leather Exports (CLE) said that demands in both developed and developing countries are 'healthy'. 'In 2024-25, we have exceeded the exports target by USD 1 billion set up by the department of commerce and going by this trend, our exports will cross USD 6.5 billion in 2025-26,' CLE Executive Director R Selvam said. He said that the sector is recording growth despite global uncertainties. Sharing similar views, CLE Chairman Rajendra Kumar Jalan said that the exports are doing good in both the US and the UK, the key export destinations for India. Due to the 10 per cent tariff hike, all the exporters are giving discounts to buyers, but there were no order cancellations, Jalan said. 'From April 14-15, the situation is normal. We have suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the US,' he added. Order books are good for the coming months and huge demand is coming from the US and the UK, he said. He informed that the industry is labour intensive, providing employment to about 42 lakh people. The sector has a total turnover of about USD 19 billion, which includes exports of USD 5 billion. Read More The Bear House raises Rs 500 Cr in Series A funding The sector has the potential to reach a total turnover of about USD 39 billion by 2030, which includes domestic production of USD 25 billion and export turnover of USD 13.7 billion, according to the industry. The industry also stated that several Chinese investors are keen to join hands with Indian footwear players to set up manufacturing units in India. READ SOURCE
Hans India
21-04-2025
- Business
- Hans India
India's leather, footwear exports jump 25 pc to $5.7 billion in FY25
New Delhi: India's leather and non-leather footwear exports have seen a significant rise of nearly 25 per cent in the 2024-25 financial year (FY25), reaching $5.7 billion, a new report said on Monday. The industry is expected to surpass the $6.5 billion mark in the current fiscal year (FY26), according to the Council for Leather Exports (CLE). The CLE, which represents footwear exporters, mentioned that demand from both developed and developing countries remains strong, contributing to the impressive growth. R Selvam, the Executive Director of CLE, shared that India exceeded its export target by $1 billion for 2024-25, a goal set by the Department of Commerce. "In 2024-25, we have exceeded the exports target by $1 billion set up by the department of commerce and going by this trend, our exports will cross $6.5 billion dollar in 2025-26," Selvam mentioned. Rajendra Kumar Jalan, the Chairman of CLE, also highlighted that exports are performing well in key markets such as the United States and the United Kingdom. Despite a 10 per cent tariff hike, exporters have been offering discounts to maintain their business relationships, and there have been no order cancellations. Jalan also noted that the situation has returned to normal by mid-April, and suggested a 'zero-for-zero' duty proposal to the Indian government in the ongoing bilateral trade discussions with the US. "From April 14-15, the situation is normal. We have suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the US," he stated. The footwear industry is labour-intensive, providing employment to approximately 42 lakh people. With an overall turnover of 19 billion dollar, the sector includes $5 billion in exports. The industry is optimistic about its future and projects a total turnover of $39 billion by 2030, with $25 billion in domestic production and $13.7 billion in exports, the report said. Additionally, there is growing interest from Chinese investors looking to collaborate with Indian footwear manufacturers to set up production units in India, further boosting the sector's potential for growth, the report added.
Time of India
21-04-2025
- Business
- Time of India
Leather, footwear exports up 25 pc to USD 5.7 bn in 2024-25; may cross USD 6.5 bn in FY26
The country's leather, non-leather footwear and products' exports rose by about 25 per cent year-on-year to USD 5.7 billion in 2024-25 and the shipments are likely to cross the USD 6.5 billion mark this fiscal, exporters' body CLE said on Monday. The Council for Leather Exports (CLE) said that demands in both developed and developing countries are "healthy". "In 2024-25, we have exceeded the exports target by USD 1 billion set up by the department of commerce and going by this trend, our exports will cross USD 6.5 billion in 2025-26," CLE Executive Director R Selvam said. He said that the sector is recording growth despite global uncertainties. Sharing similar views, CLE Chairman Rajendra Kumar Jalan said that the exports are doing good in both the US and the UK, the key export destinations for India. Due to the 10 per cent tariff hike, all the exporters are giving discounts to buyers, but there were no order cancellations, Jalan said. Live Events "From April 14-15, the situation is normal. We have suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the US," he added. Order books are good for the coming months and huge demand is coming from the US and the UK, he said. He informed that the industry is labour intensive, providing employment to about 42 lakh people. The sector has a total turnover of about USD 19 billion, which includes exports of USD 5 billion. The sector has the potential to reach a total turnover of about USD 39 billion by 2030, which includes domestic production of USD 25 billion and export turnover of USD 13.7 billion, according to the industry. The industry also stated that several Chinese investors are keen to join hands with Indian footwear players to set up manufacturing units in India.
