Union Minister for MSME inaugurates Delhi International Leather Fair
The fair is a three-day B2B event of the India Trade Promotion Organizations (ITPO).
Speaking at the function the Minister said that the Indian Leather industry holds a prominent place in the economy with an annual turnover of USD 11 billion.
"This is an employment intensive sector, providing jobs to about 2.5 million people in the country. Women employment is predominant in leather sector with about 30% share," Mishra said.
The Minister further added that the major markets for Indian leather & leather products are Germany (12.60%), UK (11.96%), USA (10.51%), Hong Kong (8.82%), Italy (8.77%), France (6.39%), Spain (5.34). The total exports of India in this sector amounts to around $6 billion with a growth rate of 20%.
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