New Delhi, AEPC on Tuesday said steps like participation in global trade fairs and increasing demand in new countries like Poland, Mexico and Brazil will help in increasing textile exports from India.
These measures are part of a broader strategy the Council is working on to promote exports.
Apparel Export Promotion Council (AEPC) is targeting to take exports to US$ 40 billion by 2030.
“This financial year we are planning to participate in 17 international fairs across all continents. The new destinations we are targeting this year include Saudi Arabia, Poland, Mexico, Brazil apart from the traditional big countries like US, UK , South Africa and Russia.and the European Union,” said Sudhir Shekhar, president of AEPC.
He said that after the success of the first edition of Bharat Tex in February 2024, a unique collaboration between the Central Government and the textile industry, it has been decided to expand the reach to buyers across the world through the second edition sometime soon. Next year.
"India's apparel exports have the unique distinction of minimal import dependence. India has the advantage of being one of the largest producers of all types of fibers, natural and man-made, and having an abundant young workforce, creating a unique ecosystem. All the ingredients are there for.Fiber tea fashion,” Sekhri said.
About 70 percent of the workforce employed in the industry is women.
Additionally, to reach out to foreign brands, AEPC organized a roundtable on May 3 with representatives of major NCR-based procurement agencies along with liaison offices of foreign retailers. Senior officials of the Textiles Ministry, Additional Secretary Rohit Kansal and Trade Advisor Shubhra shared their views.
In that meeting, it was emphasized that there is a need for greater engagement with brands and buyin houses to achieve the target of US$ 40 billion by 2030.This can help in creating the right perception among potential buyers about the readiness of the industry to meet various compliances.
There is also a need to increase expansion and investment in this sector to build confidence in sourcing from India by all global brands.
Sekhri said no benefits are visible from free trade agreements (FTAs) as ready-made garment exports registered a growth of 16.8 per cent in Mauritius and 5.7 per cent in Australia during April-February 2023-24.
He said, “The signing of FTA in the near future with UK, which accounts for almost 100 per cent share in Indian apparel exports, will provide a much-needed boost to the apparel industry."
These measures are part of a broader strategy the Council is working on to promote exports.
Apparel Export Promotion Council (AEPC) is targeting to take exports to US$ 40 billion by 2030.
“This financial year we are planning to participate in 17 international fairs across all continents. The new destinations we are targeting this year include Saudi Arabia, Poland, Mexico, Brazil apart from the traditional big countries like US, UK , South Africa and Russia.and the European Union,” said Sudhir Shekhar, president of AEPC.
He said that after the success of the first edition of Bharat Tex in February 2024, a unique collaboration between the Central Government and the textile industry, it has been decided to expand the reach to buyers across the world through the second edition sometime soon. Next year.
"India's apparel exports have the unique distinction of minimal import dependence. India has the advantage of being one of the largest producers of all types of fibers, natural and man-made, and having an abundant young workforce, creating a unique ecosystem. All the ingredients are there for.Fiber tea fashion,” Sekhri said.
About 70 percent of the workforce employed in the industry is women.
Additionally, to reach out to foreign brands, AEPC organized a roundtable on May 3 with representatives of major NCR-based procurement agencies along with liaison offices of foreign retailers. Senior officials of the Textiles Ministry, Additional Secretary Rohit Kansal and Trade Advisor Shubhra shared their views.
In that meeting, it was emphasized that there is a need for greater engagement with brands and buyin houses to achieve the target of US$ 40 billion by 2030.This can help in creating the right perception among potential buyers about the readiness of the industry to meet various compliances.
There is also a need to increase expansion and investment in this sector to build confidence in sourcing from India by all global brands.
Sekhri said no benefits are visible from free trade agreements (FTAs) as ready-made garment exports registered a growth of 16.8 per cent in Mauritius and 5.7 per cent in Australia during April-February 2023-24.
He said, “The signing of FTA in the near future with UK, which accounts for almost 100 per cent share in Indian apparel exports, will provide a much-needed boost to the apparel industry."
