Indian Textile And Apparel Exports

With one-third of India's apparel exports heading to the US, the country has solidified its position as the fourth-largest supplier to the American market

Tiruppur and Noida apparel export industries are witnessing a surge in demand orders from various international clothing brands

Commerce and Industry Minister Piyush Goyal on Friday exuded confidence that the country's apparel exports would reach the target of USD 40 billion by 2030. He said that the government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. The minister also asked the apparel exporters to procure raw materials from Indian players and not depend on "opaque" foreign suppliers and suggested not to fall for "predatory products". "USD 40 billion target by 2030 is clearly achievable," Goyal said here while awarding apparel exporters. Speaking at the event, Apparel Export Promotion Council of India (AEPC) Chairman Naren Goenka said that the sector exports grew at a rate of 30.35 per cent in 2021-22 over 2020-21, and 1.10 per cent in 2022-23 over 2021-22. "We are vigilant of the fact that India's apparel exports have been constant to the tune of 3-4 per cent of global export share during past 3-4 years and hence AEPC has been very proactiv

Apparel exports are expected to reach USD 40 billion by 2030 on account of initiatives such as exploring new destinations and fostering strategic partnerships, AEPC said on Friday. Apparel Export Promotion Council of India (AEPC) Chairman Naren Goenka said that to achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices. "We have set an ambitious goal of achieving apparel exports of USD 40 billion by the year 2030. This target, aptly named '40 by 30' reflects our commitment to reaching new heights and pushing our limits in the ongoing decade," he said in a statement. He also said that Commerce and Industry and Textiles Minister Piyush Goyal will present exports awards to ready-made garment exporters on December 9 here. The awards recognize contributions made by Indian apparel exporters in building modern enterprises. "Apart from adding to the growth of our international trade, these .

The sharp decline in exports of cotton textiles by 16%, apparel by 14% and man-made textiles by 7% contributed to the performance