India’s Council for Leather Exports (CLE) plans to sign an agreement with Washington-based Footwear Distributors and Retailers of America and the United States Fashion Industry Association to tap emerging opportunities for Indian exporters there.
From September 2020 onwards, CLE expects exports to normalize. The council plans to tap the growing opportunities in India which has become a preferred sourcing destination for major markets in the United States and Europe.
CLE’s major markets of Europe and USA were severely affected by COVID-19. Many of its buyers are filing bankruptcy which is leading to cancellation of export orders. Exporters are facing difficulties as ECGC coverage (insurance) is not extended for pre-shipments.
Recently, CLE participated in the virtual B2B meetings with Korean and Vietnamese entrepreneurs and buyers. The council is also in touch with the EU, the UK and Russian markets. It plans to hold virtual exhibitions with Russian buyers on July 20 and 21 and with Peru on August 5 and 6.
