India’s apparel exports have seen a significant rise of 11.6% during the April-December period of the current fiscal year, reaching a total of USD 11.31 billion. This growth is attributed to strong demand from key markets such as the United States, the United Kingdom, and Germany, according to the Apparel Export Promotion Council (AEPC).
The AEPC has emphasized that this is an opportune moment for India to capitalize on the growing global demand for apparel. The Council urges the country to accelerate its efforts to expand its international presence and enter new markets to sustain this positive momentum.
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AEPC Chairman Sudhir Sekhri highlighted that despite global economic challenges and subdued demand from major markets, India’s apparel exports have shown robust growth over the past six months. This resilience underscores the potential for continued success in the global apparel sector.
Positive Long-Term Outlook For Apparel Exports
Sekhri expressed confidence in the long-term outlook for Indian apparel exports, attributing the positive trend to improved product acceptance, the industry’s ability to adapt to changing consumer preferences, and a stronger focus on factory compliance. He also pointed to industry-friendly policies as key enablers of this growth.
He further noted that the primary drivers of export growth include strong performance in the US, UK, Germany, Spain, the Netherlands, Japan, Australia, and Mauritius.
Looking ahead, the AEPC believes that events like the upcoming Bharat Tex exhibition will provide the apparel industry with valuable opportunities for collaboration. This platform will not only help expand sourcing networks but also encourage Foreign Direct Investment (FDI) into India’s growing apparel sector.
As India continues to build on its apparel export success, the industry’s ability to innovate and tap into new global markets will be crucial to maintaining its upward trajectory.
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