Scope to expand footwear & textile sectors in India: Minister Goyal

Indian textile minister Piyush Goyal recently urged Indian industry leaders to set ambitious targets as the economy is poised for a sustained spell of rapid growth. Addressing the 5th meeting of the Confederation of Indian Industry (CII) national council in New Delhi, he said there is huge scope to expand labour-intensive plastics, footwear and textiles industries.

Goyal is also in charge of commerce and industry, consumer affairs, and food & public distribution portfolios.

He encouraged the industry to have a greater risk appetite, invest in labour-intensive industries that may be less profitable at the beginning, but generate lakhs of jobs, and promote tribal handicraft products as part of corporate social responsibility activities.

Stressing that the country is going through a sharp and strong revival, the minister said rising economic indicators indicate India is shaping up for a growth decade, according to an official release.