Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the country's macroeconomic fundamentals are strong and growing at a healthy rate.
The CLE, the apex trade promotion orgnisation of the leather & leather products industry, also said that there is an expectation that this growth trend would continue in the coming months.
"It is heartening that the leather industry in the state produces goods worth Rs 13,000 crore and we look forward to the industry reaching a target of Rs 15,000 crore within two years," Mitra said while inaugurating the Kolkata edition of India International Leather Fair (IILF).
The list of 44 most polluting industries include those from the leather industry, iron and steel, paper and jute.
The leather industry in Tamil Nadu employs about 1.5 million people. A press release said the leather industry, which was currently valued at USD 12 billion, is poised to reach USD 27 billion by 2020.
Small and medium enterprises in Tamil Nadu have been badly impacted by the gloabl economic slowdown. Exports from these industrives have dropped and has left thousands jobless.
Leather industry hub Kanpur suffered losses of about Rs 450 crore on account of the power crisis triggered by the collapse of grids in the past two days, industry body Indian Industries Association (IIA) said on Wednesday.
It is a double blow for the leather industry in Tamil Nadu. First the crisis in Europe affecting demand and now acute power shortage is hampering production, reports CNBC-TV18's Swathi Narayanan.