Drawing new scheme for machinery manufacturing for leather industry: Goyal
Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering a new scheme to support domestic manufacturing of machinery and accessories used in the leather industry.
He also expressed hope that the country's exports during the current fiscal would register a high growth rate in both goods and services compared to 2021-22.
In 2021-22, exports of goods and services touched an all-time high of USD 676 billion.
"We are trying to draw up a new scheme to support manufacturing of machinery domestically, to support manufacturing of trimming or embellishments and other accessories that may be required in your industry," Goyal said here at an event of Council for Leather Exports (CLE).
On the council's demand for the reinstatement of basic customs duty exemption on the wet blue crust and finished leather, Goyal assured them to take up the matter with the concerned ministry.
According to CLE, such leathers are mainly imported by domestic exporters for making ...