He offered seed funding to prospective Start-ups and innovative entrepreneurs from Technology Development Board under Department of Science and Technology at the centre, which he is heading.
Lucknow: Union Minister Jitendra Singh on Monday said that India’s leather industry is offering world-class opportunities for Start-ups and entrepreneurship. He called upon the youth to look for lucrative career in the upcoming leather Start-up ecosystem. He said, leather industry in India has exhibited consistency in high export earnings and it is one of the top ten foreign exchange earners for the country.
He also offered seed funding to prospective Start-ups and innovative entrepreneurs from Technology Development Board under Department of Science and Technology at the centre, which he is heading.
Singh assured the students and youth of Mainpuri and adjoining districts that CSIR-CLRI (Central Leather Research Institute), Kanpur will be instructed to organise specific activities like survey of leather and allied industries, Practical demonstrations, Trade counselling, Vocational and Tailor-made Training Programmes, Consultancy Services, Students’ Internship at regular intervals for promoting leather start-ups and businesses.
He pointed out that the Uttar Pradesh Government under Yogi Adityanath has identified leather goods as an ODOP (One District One Product) for Agra & Kanpur districts and formulated strategic interventions for development of these clusters. He said, t Uttar Pradesh is trying hard to create an enabling ecosystem of export growth and support exporters in scaling up exports of leather goods from Uttar Pradesh. The Minister said, this will open up new opportunities for the entrepreneurs and youth of Mainpuri and adjoining districts.
India is the second largest producer of footwear, second largest exporter of Leather Garments, fifth largest exporter of Leather Goods and third Largest Exporter of Saddlery and Harness items. He said, the global leather goods market size is valued at $424 billion in 2022 and expected to reach USD 744 billion by 2030 and added that India must tap the huge potential in the global leather pie, he said.
