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Our Bureau

New Delhi , June 30

THE Cabinet Committee on Economic Affairs (CCEA) today cleared a Rs 290-crore scheme for integrated development of the leather sector during the Tenth Plan period.

The decision is aimed at technology upgradation and modernisation of existing tanneries and units for footwear, components and leather products, resulting in productivity gains, right-sizing of capacity, cost-cutting and design development, an official spokesperson said after the meeting.

The leather industry occupies a prominent place in the Indian economy in view of its substantial export earnings, employment potential and growth. It is amongthe top 10 export earners for the country, accounting for $2.1 billion out of a total export of $62 billion in 2003-04. The leather sector provides employment to about 2.5 million people, mainly from the weaker sections, including women.

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