India liberalises international leather trade
The 3th edition of the India International Leather Fair 39 concluded in Chennai on February 2025. The fair was one of the most dynamic and well-attended in recent years, with 450 companies from India and about 130 exhibitors from abroad participating. The surge in participation was largely due to recent changes in the country's international trade policies.
The Budget Bill 2025-2026 in New Delhi proposes to reduce (or eliminate) customs barriers that have so far hampered the export of semi-finished leather products.
The measures include the abolition of the basic import duty on wet blue leather and the 20% export duty on crust leather. These measures have been widely welcomed by industry stakeholders, especially small and medium sized tanneries.
As early as summer 2024, the Indian government liberalised imports of raw materials for tanning and finished leather to give impetus to the development of the sector.
Industry experts expect these reforms to increase leather exports from ₹3000 crore to ₹8000 crore in the coming years, with key manufacturing hubs like Tamil Nadu expected to witness significant growth.
As laconceria.it writes, India sees new opportunities for itself in connection with the closure of trade routes along the US-EU and US-China axes, suggesting that the doors that Washington is closing to others can be opened to Indian products.
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