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Home News News and Press Release Month 12 2011 2011 (12) This |
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Export of Leather Products |
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12-12-2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Press Information Bureau Government of India Ministry of Commerce & Industry 12-December-2011 16:27 IST As per available information the production and export of leather products during last three years is as follows: Production:
(Source: Website of Ministry of Statistics & Programme Implementation) Export :
(Source: Directorate General of Commercial Intelligence and Statistics (DGCI & S) The decline in exports during the year 2009-10 was due to the adverse impact of the global financial crisis The Government is implementing Indian Leather Development Programme (ILDP) in the XI Five year plan with an outlay of Rs.1251.29 crore in order to promote the growth of the sector in critical areas namely capacity modernization & technological upgradation, environment management, human resources development etc., For promotion of exports, Government of India has identified leather sector as a Focus Sector in Foreign Trade Policy 2009-14 which, inter- alia, includes facilities such as a) allowing duty free import of critical inputs to the extent of 3% of FOB value of export realization in the previous year b) duty credit scrip of 4% for notified leather products and footwear & 2% duty credit scrip for finished leather under Focus Product Scheme c) Zero Duty Export Promotion Capital Goods Scheme (EPCG) to facilitate import of machinery d) 1 % duty credit scrip under Status Holders Incentive Scrip Scheme for status holders in leather sector (except finished leather segment) for import of capital goods under actual user condition. As a result of various steps taken by the Government, the export of leather products has increased in the year 2010-11. This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce & Industry in written reply to a question in Lok Sabha today. DS/GK |
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