SRINAGAR: Chief Minister Mufti Mohammad Sayeed on Tuesday called for large scale investment in setting up projects for revival of leather industry in the Valley.
He said that the process will generate ample employment opportunities for skilled human resource of the state. According to an official communiqué, Mufti said this while chairing a meeting with a delegation of Council for Leather Exports (CLE), led by its chairman, M. Rafeeque Ahmad.
Mufti said that this industry has huge potential and stressed upon investment in setting up more units, “for which skilled labour can be sourced from within the state”.
Mufti also highlighted the investor-friendly industrial policy of the state as also the Package of Incentives of the Union Government, which will facilitate establishment of leather-based manufacturing units from start-to-finish. He also suggested inclusion of state-based entrepreneurs in CLE’s North Zone to understand the intricacies of the processes involved in the manufacture of finished leather products.
During the meeting, Director, I&C, Kashmir, gave a presentation on the scenario of leather industry in the valley, with focus on quality of raw material, processes involved and future prospects, the spokesman said.
“ The CLE also made a detailed presentation about export-oriented leather industry, which has an annual turnover of USD 12.5 billion, with USD 6 billion catering to domestic market. The industry employs nearly 2.5 million workers across the country, with 70 per cent of the workforce.”