Budget to boost leather and footwear sector, says Rajendra Kumar Jalan, Chairman, CLE

economictimes.indiatimes.com:

Union Budget 2024-25 will stimulate exports and employment generation in leather and footwear sector, acording to Rajendra Kumar Jalan, Chairman, Council for Leather Exports (CLE).

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Export duties on certain leathers were reduced, and additional inputs for leather and footwear exporters were included in the Duty Free Scheme. These changes aimed to boost exports and employment.

Jalan said, in a statement, “ Two major measures have been announced for the leather and footwear sector in the Union Budget. One is rationalization of export duties on leathers and the other is inclusion of more inputs including wet blue chrome tanned leather, wet white leather, crust leather and finished leather under the Duty Free Scheme for leather garments, leather products and footwear exporters”.

Council for Leather Exports has been requesting for allowing duty free imports of critical raw materials and inputs including wet blue, crust and finished leathers, as these facilitate export of value added products from the country. «We are thankful to the Government for including these leathers and other critical inputs under the Duty Free Scheme i.e. Import of Goods under Concessional Rates of Duty Scheme. This will be a major step in realizing our ambition of achieving the exporter target of USD 13. 7 billion by 2029-30 by the leather and footwear sector, from the export value