Apparel exports expected to reach $40 billion by 2030: AEPC`s Chairman
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Apparel Export Promotion Council of India (AEPC) Chairman Naren Goenka has said that apparel exports are expected to reach $40 billion by 2030 on account of initiatives such as exploring new destinations and fostering strategic partnerships.
Goenka said, to achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices. Exports of ready-made garments during Apr-Sep 2023-24 was $ 6.92 billion, down 15.3 per cent from year-ago period. During financial year 2022-23, these exports were aggregated at $ 16.2 billion.
He also said that Commerce and Industry and Textiles Minister Piyush Goyal will present exports awards to ready-made garment exporters on December 9. The awards recognize contributions made by Indian apparel exporters in building modern enterprises. He added ‘Apart from adding to the growth of our international trade, these exporters have contributed to India's image as a progressive member of the international business community and are role models for future generations of Indian exporters.’
