The manufacturing sector contributes about 15 per cent in the country's economy and the government is aiming to increase it significantly
On the capital issue, he said cost of capital is high in the country and it is difficult to get finance from the banking system
Industry blames state Jal Nigam, which runs the treatment plant, for falling short on its commitment to treat effluents generated by tanneries
Exports from the sector have declined by 4.90 per cent during AprilJune 2019, primarily due to reduction in exports to Europe, which is the major market, accounting for about 53 per cent of exports
Close to 60 per cent of the new allotment has been for tanneries based in Uttar Pradesh
Tanneries looking to re-open will have to satisfy environmental norms of NGT and UP Pollution Control Board
The move would adversely affect leather value chain from tanning to finished goods, especially at a time when finished leather exports were already down, it says
Closure of tanneries pulls down domestic finished leather exports and local price of raw-skin
Over 2 million people are employed in India's leather industry, and 'chamars' or leather makers derive their caste name from their chosen profession
Council for Leather Exports members will participate in all major leather trade fairs in counties such as Italy, Germany, Australia and the US
Investment and technology upgradation are required to make finished leather from semi-finished one.
Earlier, tanneries were ordered to completely shut down operations during Dec-Mar for Kumbh Mela
Kanpur leather cluster, which also comprises the nearby Unnao district, is estimated at Rs 120 billion, including Rs 60 billion worth of annual exports to the Gulf, Europe, China, Iran etc
The government today approved a Rs 2,600 crore special package for employment generation in the leather and footwear sector, which has the potential to generate 3.24 lakh jobs in three years and assist in the formalisation of 2 lakh jobs. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here. The package involves implementation of central scheme 'Indian Footwear, Leather & Accessories Development Programme', with an expenditure of Rs 2,600 crore during 2017-18 to 2019-20. "The scheme would lead to development of infrastructure for the leather sector; address environmental concerns specific to the leather sector and facilitate additional investments, job creation and production," the government said. Moreover, the enhanced tax incentive would attract large-scale investments in the sector and reforms in labour laws in view of seasonal nature of the sector will support economies of scale, it said. The package has the ...
State pollution board drawing up a list of abattoirs that are flouting norms
Relaxo Footwear, Liberty Shoes, Lawreshwar Polymers and Superhouse were up more than 5% each
It is a regular exercise carried out every year during Magh mela period
There has been 75% fall in supply of animal hide threatening closure of tanneries in major leather cluster, according to Assocham's survey-cum-analysis