Monday, July 4, 2022

Apparel export will get a leg-up with UAE, Australia FTAs

“India offers the world a complete value chain solution from farm to fashion. The global apparel market, which was just under USD 1.5 trillion in 2013, is expected to generate revenues to the tune of USD 1.8 trillion in 2022 and USD 1.9 trillion in 2025.”
 — Naren Goenka, Apparel Export Promotion Council (AEPC) Chairman

PRAVASISAMWAD.COM

The Free Trade Agreements (FTAs) signed by India with the UAE and Australia will enhance product and market diversification of the apparel sector’s existing basket of products, the Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said recently.

Goenka said that the global apparel market, which was just under USD 1.5 trillion in 2013, is expected to generate revenues to the tune of USD 1.8 trillion in 2022 and USD 1.9 trillion in 2025. India, he pointed out, offered the world a complete value chain solution from farm to fashion.

“The council is taking efforts to promote Brand India at various global platforms, showcasing its strength on sustainability, circularity, ethical sourcing and manufacturing, labour standards, women employment with no child labour.”

— Naren Goenka

The AEPC Chairman’s was speaking at the 67th India International Garment Fair (IIGF) at Greater Noida. The fair provided a direct marketing platform to MSME exporters from across the country, as it had brought together almost 500 exhibitors and more than 2,000 overseas buyers and buying agents.

The buyers were from US, Brazil, Japan, UK, Spain, Australia, Poland, Colombia, Greece, Italy, and Egypt.

Goenka also mentioned that the council was taking efforts to promote Brand India at various global platforms, showcasing its strength on sustainability, circularity, ethical sourcing and manufacturing, labour standards, women employment with no child labour.

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Tirthankar Ghosh
Tirthankar Ghosh is a senior journalist and presently Managing Editor, Newsline Publications. He has also been writing for well over 15 years for the New York-based Air Cargo News Flying Typers.

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