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.
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country s outbound shipments have been contracting for the last four months, an official said. Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data.
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country s outbound shipments have been contracting for the last four months, an official said. Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data.