J&K CM makes a strong case for investment in leather projects
"There is a huge potential of leather-based industry and there is a need for investment in setting up prestigious units for which skilled labour can be sourced from within the state," Sayeed said here.
"The state has an investor-friendly industrial policy and a package of incentives of the Union government, which will facilitate establishment of leather-based manufacturing units from start to finish," Sayeed said here.
The Chief Minister was speaking at a high-level meeting with a delegation of Council for Leather Exports (CLE) led by Chairman, M Rafeeque Ahmad, here last evening.
He also suggested inclusion of state-based entrepreneurs in CLE's North Zone so that they get the required exposure to understand the intricacies of the processes involved in the manufacture of finished leather products.
The Industries and Commerce Director, Kashmir, gave a presentation on the leather industry in the valley, with focus on quality of raw material, processes involved and future prospects, he said.
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 coming from the domestic market.