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TO BOOST THE LEATHER SECTOR, IFLDP PROGRAM EXTENDED TILL 2026, SAYS CIL

by admin

Date & Time: Feb 11, 2022 11:00 AM

Read Time: 2 minute


HIGHLIGHTS-

  • The government has decided to extend the Indian Footwear and Leather Development Programme (IFLDP) till 2025-26.
  • The program will increase local manufacturing, job development, and exports.

The government has decided to prolong the Indian Footwear and Leather Development Programme (IFLDP) till 2025-26. The program will increase local manufacturing, job development, and exports, according to apex trade promotion body CLE. The trade and industry ministry said that the program will be extended till March 31, 2026.
The initiative will encourage the sector to invest in aggressive modernization and extension of production units, which is critical for expanding the industry's output and turnover.

Aims of the program

The program’s main areas of interest include infrastructure development for the leather industry, environmental problems related to the leather industry, supporting further investments, employment generation, and increased output. Sanjay Leekha, Chairman of the Council for Leather Exports (CLE), stated that the IFLDP's main goal is to allow the development of world-class infrastructure to serve both the home and export markets.

Vital for expanding and modernizing sector

According to him, the program's implementation is critical for expanding and modernizing the sector's production facilities, environmental management in the tanning industry, the establishment of greenfield and brownfield new mega clusters, the establishment of design studios in the country, and the promotion of Indian brands in the sector.

Sub-schemes of IFLDP

Mega Leather, Footwear and Accessories Cluster Development (MLFACD); Integrated Development of Leather Sector (IDLS); Sustainable Technology and Environmental Promotion (STEP); Promotion of Indian Brands in the Leather and Footwear Sector; Development of Design Studios; and Establishment of Institutional Facilities are the six sub-schemes that make up the IFLDP.

The IDLS sub-scheme

"The IDLS sub-scheme provides investment grant to manufacturing units in all segments of the leather and footwear industry to build up capacities, technology up-gradation/modernization and/or expansion and setting up of new units, and the industry is encouraged that maximum cap of Rs 3 crore per product line has been increased to Rs 15 crore, Leekha said.

Also Read : WITHIN 5 MONTHS, WESTERN RAILWAY OPERATES 100TH TEXTILE EXPRESS

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