AEPC has created an in-house Market Intelligence Cell to keep the track of trends in import demands forecasted for 2030 and the efforts have been taken at various fronts to hand-hold the industry. He added that so far the exports have been primarily concentrated to the EU and the US, AEPC has been taking various steps to help the industry to diversify its focus to new emerging markets such as Australia, UAE and also Latin America and Africa region.
The earthquake caused complete destruction to over 26,500 houses and partial damage to at least 62,000 houses, Energy, Irrigation and Water Resources minister Shakti Basnet said at an event here on Sunday.
"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," AEPC said in a statement.
Non-tariff barriers (NTBs) such as certifications, regulations, inspections, and technical barriers to trade (TBT), have become a serious threat to legitimate textile trade, warns India s Apparel Export Promotion Council (AEPC). Since 2019, there have been 131 notifications of NTBs in the textile sector, with Uganda having accounted for the most, at 71
The decline in Chinese garment exports to Japan provides an excellent opportunity for India s apparel industry to increase shipments. According to the Apparel Export Promotion Council (AEPC), a strong Indian garment sector with unique offerings provides significant potential for Japanese trading companies to source from India. Currently, India s share of Japan s total import of $23bn is just 1%, but a decline in Chinese garment supplies to Japan over the last five years presents a significant opportunity for India.