INDIA: Fall In UK Orders Prompts Leather Exports Slump
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.