AEPC to take 140-member delegation to 3 countries next month to boost apparel exports
The Apparel Export Promotion Council (AEPC) said on Wednesday it would take a 140-member delegation to the United Kingdom, Japan and the United States next month to further promote the sector’s outbound shipments, as those countries account for around 40% of clothing exports.
The delegation will attend three international fairs – Pure London, India Tex Trend Fair (ITTF) and Sourcing at Magic in the United States – in July, PEAC said in a statement.
Naren Goenka, president of AEPC, said these three markets alone account for more than 38% of the total apparel export market, worth $6.8 billion in 2021.
“These fairs will provide an opportunity for exporters to showcase their products and sourcing capabilities for value-added products, with a focus on products designed to meet fashion trends and demands,” he said. he declares.
He added that clothing imports into the UK had been on a positive note over the past three years despite the pandemic.
“British imports from India in 2021 were $1,092.1 million, recording a growth of 12.6%. At a category level, woven garments are much more accepted in the UK than knitted garments The benefit of AEPC’s participation is that it will strengthen our position in the UK market ahead of the India-UK Free Trade Agreement which is expected to further reduce tariffs” , did he declare.
As U.S. fashion companies continue to diversify their sourcing, Asia as a whole will remain dominant in 2022.
India’s apparel exports to the United States in 2021 amounted to $4.5 billion, registering a growth of more than 40% compared to last year.
In the Japanese market, he said knitted garments are becoming more popular than woven garments.
“Indian exporters have a unique niche compared to its competitors; China and Vietnam. They can fulfill both small custom orders of 300 pieces and large orders as huge as 3 lakh pieces of a style. This makes most of the global clothing brands from EU, USA, Australia, Japan etc. come from India,” Goenka said.
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