Israel-Palestine War: Kanpur’s Leather Industry Suffers Heavy Losses Amidst Ongoing Conflict
Israel-Hamas Conflict: The ongoing Israel war has affected many industries at the global level, and India is no exception. From the IT Sector to Consumable Goods, the impact of the Israel and Hamas war is clearly visible in the Indian Market. Similarly, the leather export business in Kanpur has suffered heavy losses amounting to worth of crores. Kanpur exports a considerable variety of leather items to Israel, including safety shoes, boots, saddlery bags, and other leather products.
Kanpur Leather Export to Israel
The transportation carrying the exported leather goods is stuck due to this sudden disaster. While they have not received the payment yet, the orders from many exporters are still not being processed despite it being ready to ship. Orders worth around Rs 400 to 500 crore are currently trapped in this position, which has troubled the manufacturers and exporters. Apart from this, many orders have been delivered to their respective places, but the payment is still pending, which may result in heavy losses, which can amount to thousands of crores.
