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Thursday, Jan 09, 2003

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Centre okays Rs 2,500 cr for leather export

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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.

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