The leather industry in Kanpur is experiencing relief after the reduction of a 50% tariff due to the India-US agreement. Export activities are picking up, and production is resuming in various factories across the city. Operations that were halted for months are gradually restarting, with workers being recalled in phases.
Exporters faced disruptions and financial losses when the steep tariff was imposed, leading to factory closures and layoffs. The recent tariff cut and a new trade agreement with Europe are seen as a positive development by exporters, providing a double boost. This move is expected to help India regain access to the US market and attract fresh orders from Europe, aiding in the full recovery of Kanpur’s leather sector.
Ashad Iraqi, Regional Chairman of the Council for Leather Exports (CLE), mentioned that the industry had been in crisis since the tariff imposition in August. He highlighted the diplomatic efforts that have now positioned India favorably for growth in the leather industry. Nurulla RC, General Secretary of the Leather Industry Welfare Association, expressed a positive turnaround in the industry’s situation with government support.
Mukhtarul Amin, Chairman of the Super House Group, noted that exports had almost ceased after the tariff hike but are expected to resume post-reduction. Amin appreciated the Prime Minister’s efforts, emphasizing that India now enjoys a competitive tariff advantage compared to other countries, which will enhance market strength and expressed gratitude for the support.
