India: Will leather business shift from Kanpur to Kolkata?
Kanpur: It was never imagined by the tannery owners that they would think of moving to as far as Kolkata for the survival of the leather business. Gradual but constant fall in the leather trade and long closure of the tanneries compel them to seek a better opportunity of the business in another state.
It has been reported that as many as 18 leather businessmen have entered into an agreement with the West Bengal government. This investment comes to Rs 400 Crore. The immediate major repercussion of this initiative was that more than one thousand workers would be rendered jobless.