World Footwear

World

India's new programme for leather and footwear

Dec 15, 2017 India
India's new programme for leather and footwear
The government approved a special package of roughly 404.7 million US dollars (Rs 2 600 crore) for employment generation in the leather and footwear sector, which has the potential to generate 320 000 jobs in a period of three years
The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The package involves implementation of central scheme Indian Footwear, Leather & Accessories Development Programme, with an expenditure of roughly 404.7 million US dollars 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 authorities are expsecting enhanced tax incentive to attract large-scale investments in the sector. Further reforms in labour laws in view of seasonal nature of the sector are also on the pipeline.

*1 crore (or 100 lakhs) is equivalent to 10 million ruppes

*A rate of 64.23 Indian rupees to 1 US dollar was used


Related Events

  • Jun
    25
    Jun 25-Jun 28, 2019 | Chennai, India

    XXXIV IULTCS Congress

  • Jun
    26
    Jun 26-Jun 28, 2019 | New Delhi, India

    IIFF - India International Footwear Fair

  • Nov
    8
    Nov 8-Nov 10, 2019 | Agra, India

    Meet at Agra

  • Nov
    20
    Nov 20-Nov 22, 2019 | Mumbai, India

    Techtextil India

Related Organizations

  • AFMEC - Agra Footwear Manufacturers and Exporters Chamber

    AFMEC - Agra Footwear Manufacturers and Exporters Chamber

    India
  • CFLA - Council for Footwear Leather & Acessories

    CFLA - Council for Footwear Leather & Acessories

    India
  • All India Footwear Manufacturers And Retailers Association

    All India Footwear Manufacturers And Retailers Association

    India
  • CLE - Council for Leather Exports

    CLE - Council for Leather Exports

    India