The leather and leather products exports touched $4.5 billion in the fiscal year 2011-12, posting growth of more than 27% as compared to last year, according to the Council for Leather Exports in India.
Although, it missed the targeted $4.7 billion, the export growth has been attained in the face of slowdown during the global economy and the sliding value of the Rupee which has made the imports of raw material expensive.
Last year, the exports stood at $3.5 billion. The centre has set a target of $14 billion during 2016-17 for the leather industry. Leather footwear accounts for almost 40% of the exports followed up with the garments that account for almost 10%. The industry has moved to the products exports from being an exporter of finished leather, which now makes up only for a small portion.