Leather sector investment sluggish as demand falls

The leather industry has been struggling to get new investments because the demand for leather products has gone down in the global market due to the US-China trade war and lack of vigilance of the tannery situation in the country, according to industry insiders. According to the Export Promotion Bureau (EPB), the sector registered a negative growth of 9.08 percent, resulting in earnings of USD 771.69 million in FY2018-19 (July-March). This figure was USD 848.79 million during the same period in FY2017-18.