New Delhi – In a recent stakeholder meeting held on Wednesday, Union Minister of Commerce and Industry Piyush Goyal emphasized the ambitious goal for the Leather and Footwear Industry to reach USD 50 billion by 2030. During the interaction, the Minister urged the industry to embrace a broader vision and upscale its operations to achieve this significant target.
Highlighting the critical role of Quality Control Orders (QCOs), Minister Goyal underlined the necessity of maintaining high-quality standards to enhance consumer satisfaction and bolster the “Make in India” initiative. He assured stakeholders that the implementation of QCOs would yield substantial long-term benefits, fostering a more robust and reputable industry.
To address industry concerns regarding QCOs, Minister Goyal pledged the Government’s commitment to streamline the QCO certification process, making it smoother and more flexible. He emphasized that micro and small units under the MSME sector would continue to be exempt from QCO mandates, alleviating potential burdens on smaller enterprises.
India currently holds the position of the second-largest footwear producer in the world, contributing a remarkable 10.7% to global production.
In conclusion, Minister Goyal’s call for a USD 50 billion Leather and Footwear industry by 2030 sets a high benchmark, urging stakeholders to innovate and expand. The continued support and adaptive measures from the Government aim to ensure that the industry not only meets but exceeds these ambitious goals.
