The Israel-Hamas war is also likely to impact the leather business of Kanpur. It is feared that exports worth about Rs 150 crore in the city will be affected. This can cause huge loss to the leather business of Kanpur. Seeing the situation, all the leather exporters of the city have started trying to find a middle path. He believes that the global market on the occasion of Christmas will be affected by the suddenly changed global situation.
They fear that if this happens, the loss figure may go above Rs 1,000 crore. Let us tell you that Uttar Pradesh Kanpur is known for leather industry. From here, safety boots and shoes, saddlery, bags and other leather items are manufactured on a large scale and exported all over the world. In this, goods worth six to eight hundred crores are sent to Israel alone. This year also there is a demand of more than eight hundred crores.
In the current situation, the businessmen there are avoiding ordering goods. According to exporters, if the ongoing war between Israel and Hamas continues any further, then it is not good for the business of the city. According to exporters, in the global era, war between any two countries does not affect only those countries, but its impact is also global.
At present, the leather industry of Kanpur is also facing the impact of the global impact of this war. Said that the global market had come to a standstill during the Corona period. Now gradually everything started becoming normal, first due to Ukraine-Russia war and now due to Israel-Hamas war, the global market has become weak. In such circumstances, many big work orders have been stopped or cancelled.
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