Affected By The US Financial Crisis, India Leather Is Facing A Downward Trend.
global economy The decline affects almost all countries. U.S.A The economy suffered the most serious impact and India's export and processing industries were also unlucky.
SMEs in Punjab are facing major challenges. crisis Government assistance is being sought. In particular, the leather industry in Punjab has seen a sharp decline. Export to U.S.A And European leather suffered serious damage. The export and domestic consumption in the area also decreased significantly, and there were about 45 million leather enterprises and dozens of export enterprises in the region.
Punjab Leatherwear The Federation said: Leatherwear Industry exports have been seriously affected, and some enterprises have reduced orders by 30-40%. Not only the demand is decreasing, but some of the export orders being processed are also shelved.
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