Wednesday, 19 February 2014

Leather Industry

Leather Industry
The leather sector has been identified as focus sector in the Foreign Trade Policy 2009-14. 


 The Government of India is implementing several schemes under Foreign Trade Policy for the development of leather industry.  


These include;

·           4% Duty Credit Scrip under Focus Product Scheme for notified leather products and footwear.

·           3% Duty Credit Scrip under Focus Market Scheme and 4% Duty Credit Scrip under Special Focus Market Scheme.

·           Zero Duty EPCG Scheme for import of Capital Goods.

·           2% Duty Credit Scrip under Focus Product Scheme for Finished Leather.

·           1% Duty Credit Scrip under Status Holders Incentive Scrip Scheme

·           Incremental Exports Incentivization Scheme.

·           Besides Interest Subvention Scheme on Rupee export credit was enhanced for MSME Units in leather industry from 2% to 3% from August 01, 2013.

·           For Export promotion to assist exporters Market Development Assistance and (MDA) and Market Access Initiative Schemes (MAI) are also in the process of application.

·           Further Indian Leather Development Programme for growth of the leather sector for the current 12th Five Year Plan 2007-12 are also in progress.


This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Lok Sabha today.

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