Strong demand and wholesome order books will further assist in boosting the nation’s exports within the coming months, Apparel Export Promotion Council (AEPC) Chairman A Sakthivel mentioned on Tuesday.
“We have a fast-growing order e book from manufacturers and consumers internationally…With the assistance of robust demand circumstances, Indian apparel exports will see historic highs quickly within the subsequent coming months,” he mentioned in an announcement.
Export of readymade clothes noticed a rise of twenty-two per cent to USD 1.46 billion in December 2021 from USD 1.20 billion in the identical month of 2020. Total apparel exports stood at USD 11.13 billion throughout April-December 2021.
“Indian apparels have additionally bounced again. This is even if native restrictions impacted operations within the first quarter through the second wave of the pandemic. Apparel exporters have completed exceedingly effectively regardless of challenges,” Sakthivel mentioned.
He added that two mega schemes that may assist India reclaim its international management place in textiles and apparels are PLI (manufacturing linked incentive) and PM-MITRA (Mega Integrated Textile Region and Apparel).
Further, quick monitoring of commerce offers with the US, UK, EU and UAE will make Indian apparels much more engaging, Sakthivel added.
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