CLE Sets $50 Billion Turnover Target for Indian Leather and Footwear Industry by FY2029-30

CLE Sets $50 Billion Turnover Target for Indian Leather and Footwear Industry by FY2029-30

The Council for Leather Exports, at a press conference held on January 31, 2026 ahead of the 39th India International Leather Fair, outlined its growth projections and current challenges.

CLE Executive Director Mr. Selvam IAS said the industry has requested the Government of India to introduce the Focus Product Scheme for the entire footwear and leather sector. The proposal covers finished products as well as key inputs and raw materials.

He explained that the scheme is critical for building a complete production ecosystem in India. It is also aimed at attracting both domestic and overseas investments.

According to CLE, this move is essential to achieve the sector’s turnover target of $50 billion by FY2029-30. This includes a projected domestic turnover of $36 billion and an export turnover of $14 billion.

In comparison, the industry’s total turnover stood at $24.6 billion in FY2024-25. Out of this, domestic turnover accounted for $19 billion while exports contributed $5.5-5.6 billion.

CLE noted that exports in 2024-25 were at $4.8 billion excluding non-leather footwear. Combined exports reached $5.5 billion. The council expects exports to remain flat in FY26, likely staying within the $5 billion to $5.5 billion range.

“Between April – Nov 2024 vs April – Nov 2025 we grew by 1% YoY”

Abdul Wahab, Regional Chairman, Council for Leather Exports

CLE also pointed to recent trade agreements as a positive signal. The council said deals with the USA, EU, UK EFTA countries, New Zealand and Oman could help boost exports, attract investments and strengthen the supply chain.

Related News: – Indian Leather and Footwear Industry Delegation Meets Commerce and Industry Minister Piyush Goyal

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Arshad

Arshad

Arshad is an engineer specializing in leather technology with over 9 years of experience across the global leather and allied industries and content creation. Known for making complex information, market data and trends clear and accessible, he focuses on delivering practical, data-driven insights for industry professionals.

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