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.
AEPC Targets $40 Bn Apparel Exports By 2030 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
"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.
AEPC chairman Naren Goenka said that India International Garment Fair (IIGF) at Noida provides a direct marketing platform to MSME exporters from across the country bringing together about 300 exhibitors and more than 2,500 overseas buyers and buying agents.
There are huge opportunities in the textiles sector and India offers to the world a complete value chain solution from farm to fashion in the apparel segment, AEPC chairman Naren Goenka said on Tuesday.