India's leather and footwear industry poised for massive job growth, says Piyush Goyal.

According to an article titled "India's leather and footwear industry poised for massive job growth, says Piyush Goyal," Union Minister of Commerce & Industry Piyush Goyal has stated that India's leather and footwear industry has the potential to create 1 crore jobs, up from the current 40 lakh. Goyal emphasized the industry's capability to expand domestically and internationally, and highlighted the implementation of Quality Control Orders (QCOs) to protect the Indian footwear industry from unfair competition. In other news, Reliance Industries Ltd. reduced its workforce by 42,000, or nearly 11%, in FY24, which is attributed to a cost-efficiency drive and reduced hiring, particularly in its retail segment. [Extracted from the article]