India’s leather industry is confronting a significant challenge after the United States imposed new tariffs. In response, the Council for Leather Export (CLE) has decided to send delegations to Russia and Africa to explore future trade opportunities, as stated by CLE’s Regional Chairman, Asad Sir. The industry is also turning its focus towards strengthening the domestic market. A key concern is the potential for large-scale unemployment, with 10 lakh people employed in the central region alone. While there is a risk that neighbouring countries could gain a competitive advantage, the industry believes India’s strength as a manufacturing hub will help it endure. The CLE is coordinating with the Ministry of Commerce for support, including infrastructural aid, brand creation, and potential subsidies to navigate this period. #leatherindustry #ustariffs #trade #india #exports #indianeconomy #russia #africa #ministryofcommerce #makeinindia #businessnews #indiatoday #tradedelegation #economicimpact #unemployment
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