Free commerce agreements (FTAs) signed by India with the UAE and Australia will enhance product and market diversification of the attire sector’s present basket, AEPC mentioned on Tuesday.
Apparel Export Promotion Council (AEPC) Chairman Naren Goenka mentioned the worldwide attire market, which was just below USD 1.5 trillion in 2013, is predicted to generate revenues to the tune of USD 1.8 trillion in 2022 and USD 1.9 trillion in 2025.
He mentioned India gives the world an entire worth chain answer from farm to trend.
Talking concerning the ongoing 67th India International Garment Fair (IIGF) at Greater Noida, he mentioned it offers a direct advertising and marketing platform to MSME exporters from throughout the nation, because it has introduced collectively nearly 500 exhibitors and greater than 2,000 abroad patrons and shopping for brokers.
The patrons are visiting from international locations just like the US, Brazil, Japan, UK, Spain, Australia, Poland, Colombia, Greece, Italy, and Egypt.
“The council is taking efforts towards promoting Brand India at various global platforms, showcasing its strength on sustainability, circularity, ethical sourcing and manufacturing, labour standards, women employment with no child labour,” Goenka added.
The honest was inaugurated by Textiles Minister Piyush Goyal on June 20.
“I have set a modest target for the apparel sector, which is to double the production and triple the exports. So, this 15 per cent growth is achievable,” Goyal has mentioned.
Source: www.financialexpress.com”