The Council for Leather Exports has requested the government to extend its Production-linked Incentive plan to the industry in an effort to boost manufacturing and exports. Furthermore, the group of traders has requested that import tariffs be waived for a variety of high-value leather goods.
The head of the Council for Leather Exports, Rajendra Kumar Jalan, states that “implementation of PLI will lead to structural transformation of the industry and will make the country a major manufacturing hub.” This was released by the Indian Press Trust. “The benefits of PLI will include an additional investment of Rs 6,000 crore and the creation of two million jobs, both directly and indirectly.”
Pre-budget discussions were conducted by the Council for Leather Exports and Finance Minister Nirmala Sitharaman to talk about the industry’s objectives and related matters, according to ET Bureau. During the discussion, Jalan emphasized that expanding the PLI program’s scope will support the development of new businesses and facilitate the expansion of current units, therefore augmenting the nation’s entire base for leather manufacturing.
“To improve the value-added product segment’s pricing competitiveness, it is humbly asked that the 10% import tariff currently imposed on wet blue, crust, and completed leathers be removed,” stated Jalan. In order to increase international shipments, the organization also asked that export taxes be lifted on leather with added value.
