Business Daily from THE HINDU group of publications
Thursday, August 14, 2008
ePaper | Mobile/PDA Version | Audio
|
Business Daily from THE HINDU group of publications Thursday, August 14, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
Update at 1815 hrs (IST)
Industry Govt okays Rs 912-cr scheme for leather industry NEW DELHI: The government on Thursday approved over Rs 912 crore for development of infrastructure in the fast growing leather industry during the 11th Plan period. The approval to the 'Indian Leather Development Programme', which will also address conc erns on environment, was given by the Union Cabinet here. “The scheme would lead to development of infrastructure for the sector and would facilitate additional investment and employment generation,'' Information and Broadcasting Minister P R Dasmunsi told reporters after the Cabinet meeting. The funds would b e used for training, infrastructure development, capacity and technology upgradation. The Indian leather industry, estimated to be Rs 40,000 crore, is growing at a rate of 20 per cent. Exports constitute around Rs 15,000 crore of the total basket and have been growing by 13-15 per cent. “The Indian leather industry is becoming more organ ised and requires investment for capacity expansion. Exporters are exploring markets in the US for which such assistance is required,'' Council for Leather Exports Chairman Mukhtarul Amin said. Most of the leather units are located in Agra, Chennai, Jalandhar, Kanpur and Kolkatta. It is an employment-oriented industry providing jobs to around 5.5 million people. - PTI
Prev: Inflation rises to 12.44% Business Line | NUS Index | |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, 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
|