Officials from India's Council for Leather Exports (CLE) have slashed their 2001/02 export targets from $2,223 million to $2,195m following a sharp fall in orders from the US and UK.

Their decision follows the news that their first quarter results missed their target by 14 per cent due to a 4.9 per cent dip in orders from the US and a 14.7 per cent slide in exports to the UK. However, first quarter exports were still 8.1 per cent above last year's figures of $477m.

Council chiefs have blamed the drop in orders on the global economic slowdown and also revised their export targets for leather footwear, footwear components, leather goods, saddlery and harness and non-leather footwear.

To view related research reports, please follow the links below:-

The 2000-2005 World Outlook for Leather and Leather Products

Textile & Leather Chemicals - Private Companies Report