The Indian Council of Leather Exports along with Footwear Design and Development Agency and Central Leather Research Institute has planned to more than double the sales revenue in next five years to US $ 27 billion. Last year, leather sector reported the total sales of nearly US $ 13 billion, of which exports accounted for US $ 6.5 billion. By 2020, the export target is US $ 15 billion.
India is the third largest global supplier of leather garments thanks to the availability of quality raw material coupled with skilled craftsmanship. Major brands like Armani, Zegna,Abercrombie & Fitch, Marco Polo, Mango, Andrew Maarc, and Guess source Leather Garments from India.
The major markets for Indian leather garments are Germany with a share of 23.23%, France 11.55%, Spain 12.17%, Italy 10.07%, USA 9.459%, UK 6.68%, Netherlands 3.77%, Denmark 4.49% and Canada 2.19%.
The net export of Leather and Leather products stood at US$ 6.5 billion for FY 2014-15.
At 45.3 per cent, footwear accounted for the lions share of leather exports, followed by leather goods with 22.2 per cent, and finished leather with 20.6 per cent share in April-Jan 2015.