India aims to triple its leather and footwear exports within six years.

THE India aims to raise the exports of leather goods and footwear of the current US$ 4 billion for at least US$ 15 billion in the next few five to six yearsThe goal was presented by Minister of Commerce and Industry, Piyush Goyal, who stated that the goal could be achieved before 2032 if the international scenario remains favorable. According to Indian governmentThe strategy to boost exports combines free trade agreements, opening new markets and investments in quality, design, brand strengthening, sustainability and expansion of production capacityThe authorities believe that the country has competitive advantages, such as skilled workforce, industrial experience and products with competitive pricesRecent agreements have expanded preferential access for Indian manufacturers supply to over 38 countries.Furthermore, the treaties signed with the ten members of Association of Southeast Asian Nations (ASEAN) allow easy access to approximately 50 markets, expanding opportunities for the sector. Currently, 77% of exports leather are concentrated in only 15 countriesTo reduce this dependence, the government intends to diversify its… commercial destinations and expand the international presence of the products IndiansIn addition to footwearThe strategy includes growth in handbag exports, wallets, jackets, riding equipment and other leather goods.

This text was translated by machine from Brazilian Portuguese.