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Readymade Garment Exports
India's readymade garment exports rose 11.4 per cent to USD 9.85 billion during April-November this fiscal despite global uncertainties, signalling robust global demand for Made-in-India products, AEPC said on Tuesday. The Apparel Exports Promotion Council (AEPC) said that with the changing geopolitical equations, a lot more business will shift to India in the near future. AEPC Chairman Sudhir Sekhri said: "With India's inherent strengths and strong supportive policy framework by the Centre and states, India is all poised to reap its benefits. With end-to-end value chain capability, a strong raw material base and factories focusing on sustainable responsible business practices, India will surely see substantial growth in times to come". The growth also reflects the growing trust of global brands for Made-in-India products, especially considering the uptick in the festive season demand. The chairman appealed to international buyers to visit India and participate in Bharat Tex Expo .
The country's ready-made garment exports (RMG) in August rose by about 12 per cent to USD 1.26 billion despite global headwinds and challenges such as high logistic cost, according to the commerce ministry data. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to USD 6.39 billion. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that exports are keeping the growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs. "Growing at an average of 7.12 per cent in the last five months (April to August 2024-25), the RMG exports have bucked the trend of falling merchandise exports which touched a 13-month low in August," he said. He added that with focus on product quality as well as environmental and social compliance, the industry is poised to take a leap into high growth trajectory and be a major global player of garment exports. "I am hopeful that the growth momentum w
India can be a beneficiary in the international readymade garment markets as Bangladesh, the world's second-largest exporter in the sector, grapples with economic challenges, amid ongoing political unrest there, according to a report released on Thursday. India could gain monthly export orders worth USD 200-250 million in the short term, a CareEdge study said. While Bangladesh has historically captured a significant portion of China's declining share in global readymade garment (RMG) exports, India has been unable to fully capitalise on the opportunity, it said. However, the current situation in Bangladesh presents a golden chance for the Indian RMG sector to expand its footprint both in short and medium terms, the report said. "If the unrest in Bangladesh persists for an extended period, it could result in a significant shift in export orders towards India. Industry estimates suggest India could gain monthly export orders worth USD 200-250 million in the short term and around USD
Readymade garment manufacturers are likely to post an 8-10 per cent increase in revenue on the back of growing domestic demand and revival of exports, a report said on Friday. Domestic demand and revival in exports have been driven by lower cotton prices and easing supply-chain disruptions, the report by Crisil Ratings said. Volume growth will be higher at 6-8 per cent this fiscal, compared with 3-5 per cent last fiscal, it said. Despite this, revenue will grow slower than the 14 per cent in the last fiscal as realisations moderate due to easing raw material prices. The Crisil Ratings report further said prices of cotton and man-made fibre are expected to fall 15-17 per cent and 8-10 per cent, respectively, this fiscal. Consequently, growth in realisations will be a meagre 1-3 per cent this fiscal, as against 10 per cent last year, the rating agency said. "Readymade garment manufacturer makers will rely on domestic consumption (75 per cent of the overall demand), which is expecte