20 sectors identified where India can become supplier to the world: Piyush Goyal

New Delhi: Commerce and industry minister Piyush Goyal on Thursday said the government has identified eight more sectors where India can become a supplier to the world, in addition to the 12 industry sectors already zeroed in.

“There were 12 sectors earlier…now we have identified eight more sectors where India can become leaders to supply to the world,” Goyal said at a Ficci event.


Food processing, iron and steel, electronics, industrial machinery, furniture, auto parts, and leather and footwear, are among the12 industry sectors identified earlier with potential for import substitution and boosting exports.

The move is part of India’s aim to become self-reliant, which Goyal said means that the country will engage wherever it has a competitive edge and skills.

“The only way to remain competitive is by harnessing new technologies. Some jobs may need reskilling but on the aggregate, we will add to jobs and work opportunities,” he said.

The minister said that lack of effective technology intervention has triggered inequality in many parts of the world.

“The US is growing on the basis on research, development and innovation,” he said, adding that technology will help bridge the divide between ‘haves’ and ‘have-nots’.