Indian Economy News

AEPC to take 140-member delegation to 3 countries next month for boosting apparel exports

  • IBEF
  • June 16, 2022

The Apparel Export Promotion Council (AEPC) is taking a 140-member delegation to the UK, Japan and the US next month to promote outbound shipments of the sector as these countries account for about 40% of apparel exports. In July, the delegation will attend three international trade shows: Pure London, India Tex Trend Fair (ITTF), and Sourcing at Magic in the United States, according to AEPC.

The advantage of AEPC's participation is that it will improve the position in the UK market ahead of the India-UK Free Trade Agreement, which is expected to lower tariffs, said Mr. Naren Goenka, Chairman, AEPC.

In 2021, UK imports from India totalled US$ 1.09 billion, up 12.6% from 2020. Compared to knitted garments, woven garments have a significantly higher level of acceptance in the UK.

Indian apparel exports to the US in 2021 stood at US$ 4.5 billion, registering a growth of more than 40% compared to 2020.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.