The Apparel Export Promotion Council’s (AEPC) Chairman Naren Goenka has expressed confidence that in the coming years, the apparel sector will be able to support the government's efforts to make India a $2 trillion ($1 trillion goods and $1 trillion services) export target by 2030.
The Council Chairman noted that the incentives in the Budget will help the apparel industry focus on market and product diversification. Naren Goenka also said that providing an ease-of-doing-export environment would enhance the sector's competitiveness.
Further, Goenka said that the government's key initiatives such as trade agreement with Australia and the UAE and increase in funds will help the sector to focus on market diversification and product diversification. Meanwhile, AEPC promoted global reach of Indian apparel exports to more than 25 export destinations through its export promotion activities in 2022-23.
