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INDIAN FOOTWEAR & LEATHER SECTOR KEY FOREX EARNER: PIYUSH GOYAL
The Business Guardian
|July 31, 2023
‘Indian size of footwear will be launched soon to help distinguish Indian footwear around the globe and reduce dependence on foreign sizing trends’, Goyal said
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On Saturday, Union Minister of Commerce and Industry Piyush Goyal highlighted that the Indian Footwear and Leather industry serves as a substantial foreign exchange earner and, being labor-intensive, offers employment to around 4.5 million individuals, with 40 per cent of them being women.
During his address as the Chief Guest at the India International Footwear Fair 2023 (IIFF) in New Delhi, the Commerce and Industry Minister expressed that India possesses the potential to emerge as the world’s leading and highest-quality footwear manufacturer. He stated, “India currently stands as the 2nd largest exporter of leather garments, the 3rd largest exporter of Saddlery and harness, and the 4th largest exporter of Leather Goods globally.”
This story is from the July 31, 2023 edition of The Business Guardian.
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