NEW DELHI AUG 28:Leather exports from India may touch $5.4 billion by 2014 from $3.8billion at present despite slowdown in European economies that are among the largest importers a study by porters a study bu Assocham said “India has the largest livestock population in the world.added to this are the strength of skill manpower innovation technology and dedicated support of the allied industries the chamber said Exports of leather and billing on 2009-10 to $3.8 billion in 2010-11 recording a positive trend of 13pc it said India’s major leather markets include Germany with a share of 14.34pc the UK (12.80 pc) followed by Italy (*11.52 pc) and the US (8.72pc)recently Standard & Poor’s downgrade the US credit rating while many countries in Europe, including Spain.Italy and Greece,continue to reel under a debt crisis,thereby raising concerns over the business coming to India from these countries.
“Exports to Australia,Greece Switzerland,Portugal,and Ireland have shown a decline,”it added .the industry employing over 3 million people has a 3.5pc share in the global leather trade.”The composition of exports has also been changing with more focus on value added products,”Assocham said.
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