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Apparel exports grow by 32% during April-June: AEPC

02 Sep 2022 Evaluate

The Apparel Export Promotion Council (AEPC) in its latest report has showed that apparel exports rose by about 32 per cent to $4.5 billion during April-June this fiscal as against $3.40 billion in the same period last year. In 2021-22, apparel exports stood at $16.2 billion.

Further, AEPC chairman Naren Goenka said that free trade agreements with countries including UAE, Australia and the UK will help neutralise the advantage which India's competitors use to enjoy in some of the important markets. He said ‘to match the growing global demand, our scale has to be larger and skills have to be matched.’

AEPC chairman also noted that the council is making efforts towards promoting brand India at various global platforms as a trusted supplier by showcasing its strength on sustainability, circularity and ethical sourcing. Meanwhile, the council requested the government to announce new Technology Upgradation Fund Scheme (TUFS) and production-linked incentive scheme for the apparel sector.

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