Garment Exports to Touch $60 Billion in 3 Years | SupportBiz


Garment Exports to Touch $60 Billion in 3 Years

The Apparel Export Promotion Council (AEPC) has predicted that, India’s garment exports will touch $60 billion in the next three years; albeit with government support.

Speaking at the Textile Conclave 2013, organized by the Ministry of Textiles in New Delhi recently, AEPC Dr. A. Sakthivel said, “We are getting good orders and have won the confidence of buyers. As a brand India we are recognized everywhere but challenge is translating that leverage into the world textiles global hub.” He mentioned shortfall of labour to be the biggest bottleneck for the growth of the sector.

Apparel exports grew to 31 per cent for the month of October 2013. Export in dollar terms for the period April-Oct. has increased by 15.5 per cent over the same period of previous FY and reached to USD 8259 million.  

Applauding the initiatives that the Textiles Ministry has taken to boost the sector Sakthivel said, “Today’s Textiles conclave is the first conclave in the history of India. This is a mega platform where all stakeholders from the Textiles industry, including policy matters, industrialists and the Government, to usher the new era for the Indian Textiles Industry.”

Zohra Chatterji, Secretary Textiles said, “We are building road map to move forward. The planned schemes are ready and we are going full way to implement it. We have a strong raw material base, skilled workforce and stringent compliant standards. Top brands and retails are eyeing India as a sourcing destination. To meet the growing demand the women need to work for longer hours and our role is to make this possible.”