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Pic: Shutterstock The exports of garments, made using man-made fibre (MMF), from India are expected to move up in 2021 with government support and efforts of industry experts. It is expected to surge to $430.66 million in June 2021 with a CAGR of 8.00 per cent from the $271.39 million in December 2020, according to Likewise, the average monthly exports of MMF garments from India are expected to grow to $358.36 million in the first half of 2021 with a rise of 39.88 per cent from the monthly average of 2020. The MMF garments exports of India has been recovering with considerable growth rates after the ease in impact of COVID-19. The Government of India (GoI) has been working on the strategies to boost the exports of the country which can sustain the country’s economy in this difficult time of pandemic. The GoI and industry stakeholders have targeted to achieve approximately 10.00 per cent market share in the global market of MMF garments.
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