Leather, footwear sector seeks duty relief as Middle East crisis drives up input costs
India's leather and footwear industry faces a 40-60% surge in input costs due to the Middle East crisis, impacting petroleum-based materials and imports. Industry representatives are urging the government for import duty exemptions on raw materials and machinery to mitigate these rising expenses and strengthen domestic manufacturing.
India's leather and footwear industry faces a 40-60% surge in input costs due to the Middle East crisis, impacting petroleum-based materials and imports. Industry representatives are urging the government for import duty exemptions on raw materials and machinery to mitigate these rising expenses and strengthen domestic manufacturing. What's Your Reaction?
