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Kanpur Leather Industry Faces Billions in Losses as Gulf Orders Halt Before Eid
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Kanpur Leather Industry Faces Billions in Losses as Gulf Orders Halt Before Eid
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News18
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05-03-2026, 09:29
Kanpur Leather Industry Faces Billions in Losses as Gulf Orders Halt Before Eid
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Kanpur's leather industry suffers major setback due to Middle East tensions (Iran, Israel, US conflict).
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Orders from Gulf countries like Dubai, UAE, and Oman worth over 1000 crore rupees have been put on hold.
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The halt impacts the crucial Eid market, where demand for Kanpur's leather products is usually high.
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FIEO Assistant Director Alok Srivastava estimates potential losses of 1500-2000 crore rupees for Indian exporters.
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Industry leaders Mukhtarul Amin and Asad Iraqi confirm severe impact, advising patience until situation normalizes.
Read Full Article on News18 in Hindi
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