FTAs with UAE, Australia to boost Apparel Exports: APEC.

June 22, 2022

According to AEPC, Free trade agreements (FTAs) signed by India with the UAE and Australia will boost product and market diversification of the apparel sector’s existing basket.
According to Apparel Export Promotion Council (AEPC) Chairman Naren Goenka, the global apparel market, which was just under USD 1.5 trillion in 2013, is expected to generate revenues to the tune of USD 1.8 trillion in 2022 and USD 1.9 trillion in 2025.
The ongoing 67th India International Garment Fair (IIGF) at Greater Noida would provide a direct marketing platform to MSME exporters from across the country (almost 500 exhibitors and more than 2,000 overseas buyers and buying agents.)
The council is taking efforts towards promoting Brand India at various global platforms, showcasing its strength on sustainability, circularity, ethical sourcing and manufacturing, labour standards, women employment with no child labour.
The target for the apparel sector is to double the production and triple the exports and to achieve 15 per cent growth.