FDI In Leather Sectors
The leather industry in India accounts for around 12.9 % of the world’s leather production of hides/skins and 9% of the world’s footwear production. India has an abundance of raw materials with an access to 20% of the world’s cattle and buffalo and 11% of the world’s goat and sheep population. This abundance results in a robust annual production of about 3 billion sq. ft. of leather.
- 100% Foreign Direct Investment (FDI) in the leather industry in India is permitted through the automatic route.
The Indian Leather Industry comprises of major segments namely Footwear, Finished Leather, Leather Goods, Leather Garments, Footwear Components and Saddlery and Harness. All these segments have high growth potential and thus, regulated policies for more FDI in the leather industry in India is being supported.