Despite global headwinds and continued inflationary pressure, India’s garment exports rose by 8.5 per cent to $7.5 billion during the Apr-Sep’24 quarter, data from the Commerce Ministry of India indicates.
As per data from the Apparel Export Promotion Council (AEPC), India registered a 17.3 perincrease in its RMG exports to $11.1 billion during the quarter. In Sep’24 alone, India’s RMG exports grew by 17.3 per cent to $1.11 billion
Sudhir Sekhri, Chairman, APEC opines, India benefits from its low dependence on imports, existence of the entire ecosystem from fiber to fashion, and abundant and young labor force which offers it an unlimited scope for growth
This year, garment exporters from India will not only participate in many big international fairs but also host the Bharat Tex 2025 expo, Sekhri adds.
The council will also conduct international roadshows in Spain and New York this month, to showcase the best of trade, technology and tradition, he notes.
Mithileshwar Thakur, Secretary General, AEPC avers,despite geo-political challenges and supply chain disruptions, India has been logging impressive double-digit growth in RMG exports since the past few months.It mainly exports its garments to the US, UK, Germany, Spain, and Netherlands, he adds.
