Strong demand for Indian apparel to further push exports: AEPC

Export of readymade garments saw an increase of 22 percent to $1.46 billion in December 2021 from $1.20 billion in the same month of 2020. Strong demand and healthy order will further help in boosting the country's exports in the coming months, Apparel Export Promotion Council (AEPC). Total apparel exports stood at USD 11.13 billion during April-December 2021. Indian apparel has also bounced back. This is despite the fact that local restrictions impacted operations in the first quarter during the second wave of the pandemic. Apparel exporters have done exceedingly well in spite of challenges. Two mega schemes that will help India reclaim its global leadership position in textiles and apparel are PLI (production linked incentive) and PM-MITRA (Mega Integrated Textile Region and Apparel). Fast-tracking of trade deals with the US, UK, EU, and UAE will make Indian apparel far more attractive.

Source: Business Standard