: Commerce Minister Goyal motivates leather exporters to up bn exports target by 2025 #FinanceIndia #StockMarketNEWS Commerce Minister Goyal motivates leather exporters to up bn exports target

@StockMarketNEWS Thu 18 Nov, 2021

Posted in: #FinanceIndia #StockMarketNEWS

Commerce Minister Goyal motivates leather exporters to up bn exports target by 2025 #FinanceIndia #StockMarketNEWS
Commerce Minister Goyal motivates leather exporters to up bn exports target by 2025 New Delhi, 18 Nov (KNN) Piyush Goyal, Union Minister of Commerce and Industry while addressing the National Export Excellence Awards presentation ceremony of the Council for Leather Exports (CLE), said that India’s leather industry should aspire to be No.1 in the world.

“I do feel very, very satisfied that you are aspiring to grow to at least USD 10 billion by 2025, though this still gives you only a growth rate of about 15-17%. Whereas looking at the potential of all of you, I think we can look at even more ambitious targets,” he said, adding that the Kolhapuri Chappals alone can achieve USD 1 billion exports target.

The Commerce Minister appealed the leather industry to be self-sufficient, ‘AatmaNirbhar’, and not wait for the Government to roll out schemes, give land (at subsidised rates), come out with a PLI. “All of these things, in my humble view, will hold back your progress,” opined Minister Goyal.

He assured Government will help the leather industry achieve the goals by setting up BIS Standards laboratories in close proximity to leather clusters.

“Your industry has been at the forefront of innovation, high quality products, design, good recognition in export, world markets,” he said.

Commenting on India’s leather industry, he stated that there’s “competitive and comparative advantages” when compared to the rest of the world and aim to make ‘Made in India’ brand the hallmark of excellence.

“I think a lot of (high quality) produce does get made in India but is sold to the high mark-ups across the world through the branding exercises of some of these companies,” added Union Minister Goyal.

Addressing the gathering, the Minister of State for Commerce & Industry, Anupriya Patel assured the Leather Industry of Government support in their innovation endeavours.

On the occasion the Ministers gave away the National Exports Award for the years 2019-20 and 2020-21.