India Targets USD 50 Billion in Leather and Footwear Exports by 2030

Commerce and Industry Minister Piyush Goyal has urged the leather and footwear sector to aim for USD 50 billion in exports by 2030. The ministry plans to address quality control concerns and smoothen certification procedures. The sector currently contributes significantly to India's GDP and employment.

Commerce and Industry Minister Piyush Goyal has called on the leather and footwear industry to achieve USD 50 billion in exports by 2030.

During an interaction with the industry on Wednesday, Goyal highlighted the ministry's commitment to addressing concerns related to quality control orders (QCOs) to streamline certification.

The Department for Promotion of Industry and Internal Trade (DPIIT) recently issued two QCOs for the sector, effective from August. Manufacturers have until August 1 to declare old stock and until June 30 to sell it. Exemptions apply to micro and small units and sole imports for export footwear.

(With inputs from agencies.)