Boosting Footwear Industry to $50 Billion: Minister Piyush Goyal's Vision for 2030

Union Minister Piyush Goyal urges the Leather and Footwear industry to aim for USD 50 billion by 2030, highlighting Quality Control Orders (QCOs) and an industry exhibition. He assures smooth QCO implementation and stresses the sector's economic significance, employment potential, and alignment with 'Make in India' goals.

Union Minister of Commerce and Industry Piyush Goyal called upon the Leather and Footwear industry stakeholders in Delhi to escalate the sector's valuation to USD 50 billion by 2030. He urged the industry to display world-class products through an extensive exhibition, inviting participation from both domestic and international brands. Goyal emphasized the need for synergy within the industry to create a Design Studio equipped with state-of-the-art infrastructure and globally competitive footwear designs.

Highlighting the significance of Quality Control Orders (QCOs), Goyal stated that these measures would ensure product quality for consumers and bolster the 'Make in India' brand. He reassured industry stakeholders that the government would make the QCO certification process smooth and flexible. The minister affirmed that micro and small units under the MSME sector would remain exempt from these orders.

The Ministry of Commerce and Industry reported that the Department for Promotion of Industry and Internal Trade (DPIIT) has notified two QCOs effective from August 1, 2024, to ensure quality footwear and promote the 'Make in India' brand. Goyal's interaction with over 120 stakeholders, including representatives from key industry bodies, covered the QCO implementation and broader issues in the Leather & Footwear sector. The industry contributes about 2% to India's GDP, employs approximately 4.42 million people, and showcases significant export potential, making it a pivotal sector in India's economic growth.

(With inputs from agencies.)