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

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