GURGAON: After a long span of production decline and sluggish growth, the garment export sector here has rebounded to a more lucrative state. In the month of April, the sector grew by over 8% as compared to the previous year. Industry analysts have attributed this rise to the new international business now being diverted towards India, from various other, once-popular, South Asian garment hubs.
"International business to the tune of $3 billion has been diverted to India, because the garment sector has emerged as the most factory complaint in the region," said a representative of the Apparel Exports Promotion Council (AEPC.) The council has reported 'unprecedented export orders in the current season,' with brands such as JC Penny, Abercrombie & Fitch and ZARA among the new buyers.
The AEPC has been running a training programme for the garment sector nationwide named DISHA, under which factories are issued compliance certificates stating that the firm lives up to international codes of business conduct.
"Over 200 garment units have been certified under this scheme. In Gurgaon too, we have issued certificates to local exporters," said the representative. tnnHe added that the recent incident of factory collapse in Bangladesh, which caused global outrage and a protracted labour strife in the country, might also have been one of the contributing factors to the revival observed within the garment sector in India.
"What happened there might only be one of the factors. There are actually multiple factors that have resulted in positive growth over here. Indian has mainly emerged as a factory compliant nation. And the buyers have given this verdict, because it's for the buyers to see whether any improvement has been made in the garment sector of a country," said an AEPC official.
Source:-timesofindia.indiatimes.com
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