Apparel exports to major markets increasing at healthy pace: Trade body AEPC freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Most of the apparel exports are season and fashion sensitive, and their salvage value becomes zero if the production and shipment are not done in time, APEC said
Synopsis
Textile sector has been identified as thrust the sector amongst the selected 13 sectors for which the Production Linked Incentive scheme (PLI) scheme has been proposed by the government of India.
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It would be difficult to maintain a growth pattern of 50% on a year-on-year basis which would involve more investment in terms of machinery and capturing more market in given time.
One of the largest in the world, the Indian Textile & Clothing (T&C) industry adds about 12% of export earnings to the country s export basket. This sector is majorly being driven by labour force and it helps in providing over 100 million direct and indirect employments.
Garment exports save the day for manufacturers
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“As demand in the north American region and Britain starts to grow, our business has started to pick up, said Sanjay Jain, chief executive of PDS Multinational Fashions which supplies to brands including Zara, Walmart, Mango and Superdry.
Exports of fashion and lifestyle products from India have started seeing an uptick as demand in the UK and the United States is picking up, said suppliers to international brands such as Zara, H&M and Primark.
“As demand in the north American region and Britain starts to grow, our business has started to pick up, said Sanjay Jain, chief executive of PDS Multinational Fashions which supplies to brands including Zara, Walmart, Mango and Superdry.