Affected By The Financial Crisis, India'S Leather Industry 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 crises and are seeking government assistance. In particular, the leather industry in Punjab has seen a sharp decline.
Exports to the US and Europe Leatherwear Hit hard. 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.
The Punjab leather 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.
Editor: vivi
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