Financial Daily from THE HINDU group of publications
Thursday, Jan 09, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Leather


Centre okays Rs 2,500 cr for leather export

Our Bureau

HYDERABAD, Jan. 8

THE Centre has agreed to increase the investment for leather exports to Rs 2,500 crore in the 10th Plan period and of it Rs 400 crore would be released for the present, according to Mr S. Audiseshiah, Executive Director of the Council for Leather Exports.

Mr Audiseshiah who visited Deccan Leathers Ltd unit at Patancheru, near here, said the council was making efforts to modernise tanneries on the lines of those in Japan, Mexico, China and Italy and increase the global market demand for Indian leather industry.

China was the leading exporter of finished leather goods in the international market commanding 18 per cent share in it against the country's 2.6 per cent.

He said the council was targeting 4 per cent share in the global market for the next five years. Leather exports from Andhra Pradesh had bright future with the availability of abundant manpower, resources and raw material, he said.

Mr S.A. Siddique, Chairman of Deccan Leathers Ltd, said that many export-oriented leather industries had chosen Andhra Pradesh as their destination in view of the impetus given by the State Government.

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
No anti-dumping duty on Chinese imports — Customs duty on metcoke cut to 5%


Rating move only a reiteration: Govt
NCAER reviews growth forecast
Gulf NRIs to press for special ID cards
`Industries should take care of environment'
Chamber hails drive to clean up Madurai
Indo-British trade ties will break barriers, says Hewitt
`West must open market for Indian food, farm goods'
India partners ICT initiative in Mauritius
Canada keen to expand trade ties
`HIV vaccine to hit market in 5 years'
Sachs urges hike in health spend
ONGC bids for Cairn assets in India
ONGC to invest Rs 500 cr in three new fields
TAPMA demand
Chinese knowhow for small hydel projects
Rubber-based project proposals for GIM
`Many points missing in Pampa Action Plan'
Kerala industry favours pvt water scheme
Market conditions may not cheer consumer goods majors
Aavanor unveils Hospaa 3
Newly-weds in Kerala keen on independent houses
40 builders to take part in `Prop World'
Centre okays Rs 2,500 cr for leather export
Knitwear exports from Tirupur decline 8 pc
Andhra Bank to invest Rs 10 cr in biotech fund
Scientist's call for evergreen revolution
Hits and misses by top scientists
RBI for 33 pc Govt holding in PSU banks
SCI divestment runs aground over security
Panel submits roadmap for divesting 4 PSUs
Rs 8,788-cr FDI proposals cleared in '02 lowest since 1992 — Govt may cozy up to NRIs
Doha agenda crucial for multilateralism: WTO chief
No money for the poor
Seminar on technology forecast
IRDA for more tax sops to encourage savings
Oilmeal shipments plunge 33 per cent
Banganga festival from Jan 11
Serious frauds office in the offing


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line