AEPC Targets $40 Bn Apparel Exports By 2030
Date
11/4/2023 4:08:08 AM
(MENAFN- KNN India) New Delhi, Nov 4 (KNN) Apparel Export Promotion Council of India (AEPC) is expecting the apparel exports to touch USD 40 billion by 2030 with the help of exploring new destinations and fostering strategic partnerships.
The Council's Chairman Naren Goenka said on Friday 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.
The awards recognize contributions made by Indian apparel exporters in building modern enterprises.
"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," Goenka added.
Exports of ready-made garments during Apr-Sep 2023-24 was USD 6.92 billion, down 15.3 per cent from year-ago period. During financial year 2022-23, these exports were aggregated at USD 16.2 billion.
(KNN Bureau)
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