Leather exporters reap huge profits

Leather exporters in Kanpur, Uttar Pradesh, have earned huge profits by selling their products in European countries.

The fluctuating Indian Rupee has helped them to earn substantial profits, while they quoted competitive prices to international buyers.

The exporters are working hard to complete their orders from various European nations who are regular buyers of their famous leather, which is used to make some of the best shoes sold in those countries.

The exporters are very happy as they are doing brisk business.

"They have benefitted in a big way because the rate of dollar has increased which is now 63 rupees. Nearly 30-40 per cent profit comes their way when they export leather," said Vikas Verma, a worker in a leather factory on Wednesday.

Factory owners are ensuring that they work around the clock to complete the orders on time and are leaving no stone unturned to strike deals with international buyers.

"We supply our products to three main countries in Europe namely Germany, France and U.K. The market is stable in all the three countries and orders are also in demand as of now. And it is likely that the situation will improve in the coming days and it will be beneficial for us," said Shamshed Mirza, a leather shoe exporter.

Kanpur widely known as the Manchester of East is one of the oldest industrial townships of Northern India.

It has some of the largest and finest tanneries in India and in South Asia and is the economic and Industrial Capital of northern Uttar Pradesh.

Earlier in August this year, the Indian government mandated all exporters to get their goods certified by the Central Leather Research Institute (CLRI), to ensure that only finished leather that has some 'value add' by Indian companies and has qualified guidelines given by the CLRI can be exported.

Certification by CLRI was earlier optional, but has now been made mandatory to regulate exports and curb illegal exports of semi-processed leather.

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