‘Apparel exports set to rise by 40%’

Apparel exports are expected to increase 40% this financial year mainly because of the focus on medical textiles, according to industry body AEPC.

“We are working with a target to achieve a 40% increase in apparel exports this financial year with major focus on new medical textiles,” said A. Sakthivel, chairman, Apparel Export Promotion Council (AEPC).

“This will take our total apparel exports up from $15.4 billion last financial year to about $22 billion in 2020-2021,” he said.

Speaking at the virtual annual meeting of the Council, Mr. Sakthivel also said with the government lifting export ban on many PPE items, apparel exporters should venture into man-made fibre-based (MMF) garments in a big way.

“The need of the hour is to quickly engage in product diversification into MMF. We plan to sign MoUs with a number of MMF manufacturers to improve the sector. MMF is the key to increasing India’s textile exports to the global market,” he said.

To facilitate R&D in various fibres and technologies, the council is also setting up an R&D centre at its head office at Gurugram.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.