Leather, footwear boost in Budget 2025 to aid manufacturing, exports, job creation: Govt
domestic manufacturing, exports, and job creation in the country, a senior government official said Thursday.
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The scheme is expected to facilitate employment for 22 lakh persons, generate a turnover of Rs 4 lakh crore, and exports of over Rs 1.1 lakh crore.
“The Union Budget 2025 has delivered a much-needed boost to the leather and footwear sectors by enhancing credit access, rationalising duties, and maintaining key policy frameworks. The industry is poised for significant growth with the newly introduced special package and export-oriented incentives,” said Vimal Anand, joint secretary, Department of Commerce, adding that the scheme will support areas like design capacity, component manufacturing, and machinery required for production of footwear and products.
On the budget announcement of full exemption on basic customs duty on Wet Blue leather and exemptions of crust leather from 20% export duty, he said: “These are very big incentives for the sector.”
The announcements come ahead of the sixth edition of Delhi International Leather Expo (DILEX) and Reverse Buyer Seller Meet (RBSM) on February 20-21, which will provide a platform for domestic players to showcase their high-quality goods to international buyers.
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