Reacting to the Apparel Exports growth of 12.9% in the month of December 2024, Sudhir Sekhri, Chairman of AEPC stated that, “Apparel Exports have been registering robust growth for the last six months despite global turmoil and subdued demand from major markets.
This is the appropriate time when India needs to capitalize on this opportunity and accelerate the momentum to expand its global footprints and enter new markets.
The forthcoming Bharat Tex 2025 will provide an excellent opportunity to forge new business alliances and partnerships, which will help industry grow further.”
The long-term outlook for Indian apparel exports remains positive, largely on account of improved product acceptance, adaptability to changing consumer trends, focus of factories on compliance besides industry-friendly Govt. policies, Chairman AEPC added.
RMG exports for the month of December 2024 have increased by 12.9 % as compared to December 2023. The cumulative RMG exports for the period April-December 2024-25 is USD 11316.2 million, showing a growth of 11.6% over April-December 2023-24.
Sekhri further informed us that, during Apr-Nov 24-25, we have grown by 14.3% in the USA, 8.1% in the UK, 9% in Germany, 20.7% in Spain, and 33.6% in the Netherlands. Apparel exports are also doing well in India's FTA markets, with exports to Korea growing by 22.7%, Japan by 9%, Australia by 9.8%, and Mauritius by 16.6%.
The ensuing edition of Bharat Tex will give the industry a platform that will enable great collaboration and expand sourcing networks while promoting Foreign Direct Investment (FDI) in India. Bharat Tex Expo will provide a dynamic landscape of the textile industry, the synergy between innovation, sustainability, and global branding for growth, Sekhri noted.