22 Lakh Jobs in Footwear & Leather Sectors: Unlock Opportunities with Modi Govt’s Budget 2025 Scheme! are set to be generated as part of significant initiatives announced by Union Finance Minister Nirmala Sitharaman in Budget 2025 to boost India’s footwear, leather, and toy sectors.The Focus Product Scheme (FPS) aims to enhance the productivity, quality, and competitiveness of India’s footwear and leather industry, targeting the creation of 22 lakh jobs, a turnover of ₹4 lakh crore, and ₹1.1 lakh crore in exports. The government also plans to establish India as a global toy manufacturing hub, focusing on the development of clusters, skills, and sustainable production to support the ‘Make in India’ initiative. These measures aim to strengthen India’s export potential and foster economic growth across these industries.
Budget 2025: Major Boost for Footwear, Leather, and Toy Sectors
Union Finance Minister Nirmala Sitharaman unveiled significant measures in the Union Budget 2025, including the introduction of the Focus Product Scheme (FPS) to boost the footwear and leather industry. The scheme aims to create 22 lakh job opportunities in India, promoting growth and competitiveness within these sectors.
Focus Product Scheme (FPS) – Key Highlights
On February 1, 2025, Nirmala Sitharaman announced the launch of the Focus Product Scheme for the footwear and leather sectors. The primary goal of this initiative is to enhance productivity, quality, and the global competitiveness of India’s footwear and leather products. The scheme will support the design, manufacturing, and market expansion of non-leather footwear and leather products.
What is the Focus Product Scheme?
The Focus Product Scheme is an export policy designed to expand and diversify India’s export basket. It reduces dependency on a limited range of commodity exports, offering a strategic approach to promoting multi-category exports across industries. This initiative will empower the footwear and leather sectors to scale production while increasing their export footprint globally.
Objectives of FPS
- Enhance Design & Manufacturing: Strengthen the production of non-leather quality footwear and leather products.
- Promote Export Growth: Increase India’s exports and turnover in the footwear and leather sector.
- Create Job Opportunities: Generate employment for 22 lakh individuals, contributing to economic growth.
According to the official budget documents, the scheme is expected to contribute ₹4 lakh crore in turnover and ₹1.1 lakh crore in export revenues.
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The Toy Sector Gets a Global Push
In addition to the footwear and leather industries, the toy sector is also set for a transformative boost as part of the Union Budget 2025.
India’s Plan to Become a Global Toy Hub
The Indian government has announced plans to position the country as a global toy manufacturing hub. This initiative is in line with the National Action Plan for Toys, with the aim to create a vibrant toy manufacturing ecosystem in India.
Objectives for the Toy Sector
- Develop Toy Clusters: Focus on building specialized clusters for toy production.
- Enhance Skills & Manufacturing: Improve the skills of the workforce and create a robust manufacturing ecosystem for high-quality toys.
- Promote Innovation & Sustainability: Focus on producing innovative, high-quality, and sustainable toys under the ‘Made in India’ brand.
The scheme is expected to generate high-quality, innovative toys that will contribute significantly to India’s manufacturing capabilities and align with the ‘Make in India’ initiative.
Conclusion
The Budget 2025 highlights the Indian government’s commitment to supporting critical industries, including footwear, leather, and toys, with a clear focus on job creation, export growth, and sectoral development. The Focus Product Scheme and toy sector initiatives reflect India’s strategic approach to becoming a global leader in these industries, furthering its economic growth and global competitiveness.
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