Indian footwear exports up but sector hit by raw m - footwearbiz: Lead

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Indian footwear exports up but sector hit by raw material shortages

02/10/2013
India’s Ministry of Commerce has release figures which show from April to July, exports of leather shoes grew 10% to $617 million in value and exports of footwear components grew 30% to $110 million.

Overall, leather exports are expected to fall slightly short of the country’s $6 billion target for the year, with current estimates set at $5.75 billion. However, this would still represent a rise of approximately 15% year-on-year, according to the All India Skin and Hide Tanners and Merchants Association (AISHTMA).

President of the association, M Rafeeque Ahmed, said: “Though I am not happy at the shortfall, I feel despite the turbulence in the global finance, we have done reasonably well on the export front.”

According to Mr Ahmed, the sector has been harmed by currency fluctuations and raw material shortages, with large quantities of semi-finished leather being exported to China and Italy.


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