Home / Economy / News / 20 sectors identified for boosting manufacturing and export: Piyush Goyal

20 sectors identified for boosting manufacturing and export: Piyush Goyal

According to sources, govt is gearing up to place tighter restrictions on import of 371 items worth $127 billion. These include toys, plastic goods, sports items and furniture

Premium

Union Commerce and Industry Minister Goyal stressed that the government is focusing on sectors like furniture in which imports can be substantially reduced if domestic manufacture is ramped up

Subhayan Chakraborty New Delhi

3 min read Last Updated : Jul 23 2020 | 9:42 PM IST

The central government has identified 20 sectors where India can meet domestic demand as well as become a ‘global factory of the world’ by pushing out more exports and reining in costly imports, Commerce and Industry Minister Piyush Goyal said on Wednesday.

Speaking at a webinar organised by the Federation of Indian Chambers of Commerce & Industry (Ficci), Goyal underscored the government’s focus on sectors like furniture to be manufactured indigenously, thereby cutting back on imports. Despite having skilled carpenters and artisans, the country continues to import furniture.

“We had first identified 12 sectors. Now, there are eight more. We have 20

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in