He says that for the long-term health of the whole textile ecosystem in the country, it is necessary to build domestic supply chain capacities by supporting each other
, , Union Commerce Minister, textile sector, piyush goyal
Union Minister Piyush Goyal, addressing the 23rd Apparel Export Promotion Council (AEPC) Excellence Honours, underscored India s burgeoning opportunities and global recognition for deeper engagement. Emphasizing India s vast market, Goyal highlighted the unparalleled prospect presented by 1.4 billion people aspiring for a brighter future. He expressed gratitude for the chance to work in this golden age, aiming to elevate India s stature. The event acknowledged Indian apparel exporters outstanding contributions across various categories, fostering a unique export culture.
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“Korea and Japan are live examples of what Aatmanirbhar Bharat should look like. Despite getting cheaper raw materials from other parts of the world, first they use up entire domestic availability of materials. They support each other and ensure that the industry doesnt die,” Goyal, who is also textiles minister, said.
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.