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UP govt's new policy aims to boost leather manufacturing, exports

Under the India-UK FTA, the current tariffs of up to 17 per cent on Indian leather and footwear products, will be reduced to 0 per cent gradually in 5 years Virendra Singh Rawat Lucknow Listen to This Article The Uttar Pradesh government is planning to leverage the free trade agreement (FTA) between India and the United Kingdom (UK) through a proposed policy to boost the manufacturing and exports of the state's traditional leather goods industry. The proposed UP Footwear, Leather and Non-Leather Sector Development Policy 2025 will focus on a cluster-based development model to promote the sector. This comes as India is aiming to augment its leather and footwear exports to $50 billion by 2030. Under the India-UK FTA, the current tariffs of up to 17 per cent on Indian leather and footwear products, will be