India Leather Development Aims At China's 12 Five Year Plan Gap

In April 25th, to shift the focus of the country to manufacturing industry, India Montek Singer AI Wali, vice chairman of the planning committee, said on Thursday that the textile and leather industries Exit It can grow from China's domestic consumption policy.

Ai Lou Wali said in New Delhi: "in China's twelfth five year plan, exports did not maintain the same status. In addition, China will eliminate low-value products such as textiles and Leatherwear 。 Therefore, we will replace them. "

Ai Lou Wali said that India's manufacturers should speed up the export of shoes and other sectors dominated by China, and the developed countries have no interest in replacing the space of China's export labor-intensive products, which will become a part of our focus in the next five years.

Ai Lou Wali said that India's products will be more competitive because China's wage growth is contrary to the 30 year old export oriented growth policy. According to the new plan, China's wages will increase by 13% per year, in order to boost domestic consumption. It is worth mentioning that China will focus more on the export of high-end capital intensive products.

The time has come for the government to join hands with the government in promoting technology development in the clothing, leather and leather sectors.

Ai Lou Wali said the leather and clothing department is the key support project of the India government in the twelfth five year plan. According to past data, in the 2010-11 years, India witnessed the highest growth rate, reaching 37.5%, and exports amounted to US $245 billion 900 million, which is the result of diversified government exports. India's early export destinations are western countries and are now turning to new markets, such as East Asia, Latin America and Africa.

India's goal is to achieve US $450 billion export target in fiscal year 2013-14. In 2010, China's exports exceeded 1 trillion and 500 billion dollars.