Recently, the Council of Leather Exports of India (CLE) called on the Indian government to help increase production, create jobs and increase exports.
He also called for enhancing the benefits of Production-Linked Incentive (PLI) scheme in the sector.
And called for the expansion of the Emergency Credit Line Guarantee Scheme (ECLGS 2.0), as well as capacity building and recovery from the adverse effects of the epidemic.
Currently, ECLGS 1.0 only applies to micro, small and medium enterprise (MSME) units in the leather, leather products and footwear sectors.
The government’s PLI scheme was announced at a cost of ₹ 1.97 lakh crore for 13 sectors including textiles, automotive, steel, telecommunications and pharmaceuticals.
CLE chairman Sanjay Leekha, said to finance minister Nirmala Sitahraman, implementing the PLI scheme for the sector will be a major catalyst for achieving substantial growth and employment generation.
Besides that, the purpose of the PLI scheme is to make domestic production globally competitive and to make it a global champion in production.
On the other hand, the strategy behind the scheme, is to encourage the company to increase sales from products manufactured in India, based on years.
The council is sure to achieve the exports target of $5.89 billion during the current fiscal, a news agency reported. The council is looking at $10 billion exports in the sector by 2025, he said.