India’s readymade garment exports grew 11.4% to US$ 9.85 billion during April-November, reflecting robust global demand despite economic uncertainties. AEPC attributes this to India’s strong value chain, sustainable practices, and supportive policies.
India’s readymade garment exports rose by 11.4% to US$ 9.85 billion between April and November this fiscal, highlighting strong global demand for “Made-in-India” products, according to the Apparel Exports Promotion Council (AEPC). Despite global uncertainties, AEPC believes changing geopolitical scenarios will lead to increased business opportunities for India in the near future.
AEPC Chairman Sudhir Sekhri expressed confidence in India’s potential, citing its inherent strengths and supportive policies from the central and state governments. He emphasized India’s readiness to capitalize on its end-to-end value chain, robust raw material base, and factories focused on sustainable, responsible practices, predicting substantial growth ahead. The rise in exports also underscores the increasing trust of global brands in Indian products, fueled by festive season demand.
The reasons for this rise in garment export may be related to the unrest in Bangladesh that started in June 2024 and the introduction of PM Mega Integrated Textile Region and Apparel (PM MITRA) Park and Production Linked Incentive (PLI) Scheme introduced by the government in March of 2024 through which Rs. 90,000 Crore of investment is expected to flow into the industry.
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