In September this year, India’s apparel exports rose by 15%, with export value reaching US$1.1 billion. This occurred against the backdrop of rising demand in the United States and emerging markets such as Latin America. The Indian Apparel Export Promotion Council (AEPC) said Monday.
Saxwell, president of the Indian Garment Export Promotion Council, said: “Demand for apparel is rising as buyers place orders before Christmas. Similarly, partial recovery in the United States and emerging markets contributed to export growth in September .”
Last month, the Indian Garment Export Promotion Association organized exhibitions in New York and Spain and received positive signals of recovery in the US and EU markets, Saxville said. The United States and Europe together account for 60% of India’s total apparel exports. In the April-September period of 2013, India’s apparel exports increased by 13%, with exports exceeding US$6.5 billion.
The Indian Garment Export Promotion Association said that in the current fiscal year, India’s garment exports are expected to exceed US$17 billion because export shipments are growing at a steady rate. In the fiscal year 2012-13, India’s apparel exports fell by 6% to US$12.92 billion.
