Leather & Footwear

Leather and footwear industry to get Rs. 2,600 cr package

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Union Minister Suresh Prabhu recently announced that the government is providing Rs. 2,600 crore package to the leather and footwear industry. This would generate additional 3 lakh jobs and formalize another 2 lakh jobs in coming three years.

The Union Cabinet gave its consent last month for package meant to generate employment in the leather and footwear sector with help of expenditure of Rs. 2,600 crore for three financial years starting from 2017-18 to 2019-20.

Prabhu, Minister for Commerce and Industry, said after inaugurating the 33rd India International Leather Fair (IILF) 2018, "The special package has the potential to generate 3.24 lakh new jobs and assist in formalization of two lakh jobs in three years, this is about half a million jobs.” He laid stress that the Centre is committed to uplift the leather industry of India.

The government aims to set-up mega footwear, leather and accessories groups and would offer the required infrastructure support in this regard.

Prabhu also emphasized the implementation of Common Effluent Treatment Plants (CETP) in Tamil Nadu, and promised to offer the needed assistance for upgrading and installing such facilities for the leather industry too. The government wants the traditional sectors to function in a friendly manner. 

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