India's clothing will assist the country meet its $400 billion export goal: Chairman of the AEPC

17th August 2021, Mumbai:

In his address at the Garment Export Promotion Council's (AEPC) 42nd annual general meeting, chairman A Sakthivel expressed optimism that apparel exports will play a key role in reaching the $400 billion in goods exports objective for this fiscal year.

According to A Sakthivel, apparel exports increased by 91% from April to July 2021 compared to the same period last year. According to him, India's clothing exports are increasing as a result of widespread COVID-19 immunisation in every Western market.

“We are growing our exports to our key markets.

Exports to the United States grew by 22% from January to May 2021 compared to the same period last year. In January-April 2021, India's exports to the EU [European Union] increased by 22% over the same period the previous year. Exports to other markets, such as the United Kingdom, Saudi Arabia, Canada, Japan, and Australia, are also increasing, according to Sakhtivel.

The government's decision to prolong the Rebate of State and Central Levies and Taxes (RoSCTL) programme through March 31, 2024 will provide a stable and predictable policy environment, he added, as well as promote exports by making Indian clothing globally competitive.