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The decline in Chinese garment exports to Japan provides an excellent opportunity for India's apparel industry to increase shipments. According to the Apparel Export Promotion Council (AEPC), a strong Indian garment sector with unique offerings provides significant potential for Japanese trading companies to source from India.
AEPC chairman Naren Goenka said that India International Garment Fair (IIGF) at Noida provides a direct marketing platform to MSME exporters from across the country bringing together about 300 exhibitors and more than 2,500 overseas buyers and buying agents.
India has been facing duty disadvantages against competitors in the major overseas destination. India's exports face a duty disadvantage of 9.6 per cent for exports to EU vis-a-vis exports from other countries like Bangladesh, Cambodia, Turkey, Pakistan and Sri Lanka, said AEPC chairman.
Says, many neighbouring, competing countries have accorded status of essential services to apparel exports
Synopsis Buying houses like Impulse shared that there was an opportunity for MMF garments and that they have already identified major buyers and markets, and will make sure that MMF garments from India get more importance. iStock The country has sufficient supply of MMF fibre and yarn, but is in short supply of quality fabric. DELHI: Buying houses believe that Indian man-made fibre (MMF) garment exporters can aspire to grab $20 billion business in global MMF garment trade even as the domestic apparel industry works at resolving its limitations. This was among the key takeaways from a virtual...