INDIAN EXPORTS DOWN
October 1st, 2003
Keith NuthallINDIAN shoe exporters are struggling to fight off competition from China, with statistics from the Council for Leather Exports (CLE) saying that in 2002-03 (April-February) India's leather exports earned US$1.67 billion, a 6.56 per cent decline compared with the corresponding period of 2001-2. Also, at the same time the export value of the country's leather footwear components fell by 26.3 per cent to US$373 million, said the council. Apart from cheap Chinese competition, another problem for Indian components exporters has been a fall in European ...
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