This Week's News from the Global Leather & Allied Industries - Leathernews.org

CLE Sets $50 Billion Turnover Target for Indian Leather & Footwear Industry by FY2029-30 | Rwanda's $5.7 Million Tannery Park Project Faces Relocation After SEZ Withdrawal | Why Italian Leather Chemical Company Sommer Chose to Exhibit at IILF 2026 After 25 Years in India & more...

WEEKLY ROUNDUP

Your quick 5 minute brief on this week’s global leather & allied industry news

Good morning & welcome to another edition of Weekly Roundup by Leathernews.org

Every Sunday at 11 am, we bring you the entire week’s news, insights, updates, market research, analysis, expert opinions, facts & figures from the global leather & allied industries in a simplified & easy to read format, saving you time while keeping you well informed & updated in under 5 minutes.

Italian leather chemicals company Sommer made its first appearance at the 39th India International Leather Fair (IILF) 2026 despite being active in the Indian market for nearly 25 years.

We have set a $50 billion turnover target for the industry by FY2029-30. This includes a projected domestic turnover of $36 billion and an export turnover of $14 billion.

Rwanda’s planned tannery park will no longer come up in the Bugesera Special Economic Zone after the new zone operator declined to host the project.

MUNO has officially entered the Indian leather market, making its first appearance at the 39th India International Leather Fair (IILF) 2026 after separating from Stahl and becoming an independent company starting in January 2026. The company used the event as a launchpad to introduce its solutions and connect directly with Indian customers and partners.

A delegation from the Indian leather and footwear industry met Hon’ble Commerce and Industry Minister Shri Piyush Goyal and Hon’ble Minister of State Shri Jitin Prasada in New Delhi on Feb 11, 2026.

The conclave carries strategic importance for India’s Viksit Bharat vision. The forum is designed to align research, industrial capacity and entrepreneurial innovation with major national missions, including Atmanirbhar Bharat, Make in India, Digital India and Startup India.

I Asked 3 Key Questions to CLE on Indian Leather Industry’s $14 Billion Export Goal by 2030

During the 39th IILF 2026, Council for Leather Exports (CLE) - India, held a media conference on Jan 31st.

After the conference, I got a chance to speak with Mr. Selvam IAS, Executive Director, CLE & asked him 3 questions that have been on my mind for a while now.

[Question 1]
CLE announced its targeting $14 billion in leather, leather products & footwear exports by 2030 (up from $5-5.5 billion currently)

So i asked him which sector within the Indian Leather Industry will be the major contributor to this growth?

His answer: Footwear
(both non leather & leather footwear will be the major drivers of this ambitious target)

[Question 2]
Now here's something that's been bothering me for years.

Back in 2012-13, India's finished leather sector alone contributed between $1 to $1.1 billion in exports.

But if you look at the last 4 financial years?

Finished leather exports haven't even crossed $500 million mark & has been stuck between $400 to 450 million.

I asked him why has finished leather export value dropped by more than 50% in the last decade?

His explanation:
"Arshad, you have to understand the global market demand has now shifted from finished leather to crust leather. Back in those days, finished leather demand was very high. Now, the majority of demand is for crust leather."

He also added that during the last budget, Govt of India removed the 20% export duty on crust leather, which will help boost this segment.

[Question 3]
So naturally, my final question was, can we now expect leather (finished & crust) exports to cross the $500 million mark & grow further after this policy change?

His response: "Absolutely, it will."

So What Does This Mean:
→ Footwear (both leather & non leather) will drive India's leather export growth in the coming years

→ The shift from finished leather to crust leather is a global trend driven by changing buyer preferences

I can also confirm this because last time when I was in Italy, Spain & Portugal, most leather traders that import leather from India were interested in importing goat/sheep crust in particularly these 3 colors: black, white & beige & they wanted to finish it in their own country.

→ Policy support like removal of crust export duty could help revive growth particularly in the leather segment

& he also mentioned that CLE has requested the Govt of India to wave of 10% import duty on crust & finished leather.

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ABOUT THE AUTHOR

Arshad,
Founder & Editor
Leathernews.org

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Arshad is the Founder & Editor of Leathernews.org, a global news platform covering the leather, footwear & allied industries. He is an engineer specialising in leather technology with over 9 years of experience across the global leather & allied industries & content creation. He closely tracks trade policy, exports, global sourcing trends & industry developments, with a focus on making complex topics simple, clear & easy to understand for industry professionals.

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