Exporters are affected by month-long disruptions, spiking costs by 20-30 per cent, which the international buyers are reluctant to share. The cost of items used in leather products — PVC, PU, EVA and TPU — have risen sharply too. Export of shipments to Europe and the USA — two main export destinations for leather products — have also been hit with longer voyages, avoiding war-hit zones, adding to freight costs. Mohammed Azhar, president of the Indian Leather Products Association (ILPA), said the industry was hoping that collateral-free loans, as extended during Covid, would be rolled out this time. “We have booked the orders months back, but costs have gone up with the war.

Source: The Telegraph April 03, 2026 03:03 UTC