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Govt approves Rs 2,600 cr package for leather sector, to boost jobs

The package will provide jobs to 324,000 people in the leather industry over the next three years.

Rs 2,600-crore sops to boost leather jobs
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Subhayan Chakraborty New Delhi
The government on Friday announced a Rs 2,600-crore package for the leather industry in a move aimed at increasing employment and investment in the sector.
 
After being pushed back twice earlier, the proposal was approved by the Cabinet on Friday and aims to provide, through tax and non-tax incentives, jobs to 324,000 people in the industry over the next three years. The incentives include enhanced funding for skill development and technological upgradation apart from introduction of fixed-term employment and government contribution to employees provident funds in the footwear and accessories segments.
 
As a result, the government will burden