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2011-05-31

Apparel exports reach $1bn

"There is a good demand for our exports from the US. Also, the European market is picking up.

Apparel exports reach $1bn

Apparel exports grew to USD 1 billion in April 2011 year-on-year, due to strong demand from the US and European markets.  According to the data provided by the AEPC, India's apparel exports stood at USD 972 million in April last year.

"There is a good demand for our exports from the US. Also, the European market is picking up," AEPC Chairman Premal Udani said.

The council expects garments exports' growth to continue in 2011-12.

"We expect exports to touch USD 14 billion in the current fiscal as we are getting good response. US and Europe together account for about 65 per cent of India's total garment exports orders not only from the western markets, but also from new markets like Latin America," Udani said.

The garment industry employs about 70 lakh people in the country, out of which almost half are engaged in the export sector.

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