6 February 2023
During the first nine months of India’s current financial year (April-December 2022), the country’s leather industry achieved $4.25 billion in export earnings, the Council for Leather Exports (CLE) told international journalists during a meeting on the second day of the India International Leather Fair (IILF), reports Leatherbiz.
This figure represents an increase of 17% year on year. Projections for 2023 suggest export earnings of approximately $5.6 billion.
Figures cited by the CLE for the financial year 2021-2022 showed a new record for exports to the US, with revenues reaching in excess of $1 billion. When asked of the current situation, preliminary figures have already surpassed the previous record and forecast figures were extremely positive. “The final projection for 2023 is $1.4 billion exports to the US,” said CLE chairman, Sanjay Leekha.
We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.
We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.
