In the 2025 Union Budget, the government announced initiatives aimed at boosting employment and making India a global manufacturing hub. A key highlight is the “Focused Products Scheme” for the leather and footwear sectors, designed to create 22 lakh jobs. This scheme will provide support to enhance production capabilities, foster innovation, and build sustainable practices in these industries. Additionally, the government plans to introduce schemes to position India as a global hub for toy manufacturing. This includes the development of specialized clusters, with a focus on skill development, innovation, and sustainability. These efforts will help create high-quality, unique, and innovative toys, catering to both domestic and international markets. By focusing on these sectors, the government aims to strengthen India’s position in global trade, increase exports, and generate significant employment opportunities, contributing to the country’s economic growth and industrial development.
