14-Oct-2013
India's apparel exports grew about 15 per cent to USD 1.1 billion in September this year on the back of a rise in demand in American and emerging markets like Latin America, garment exporters' body AEPC said on Monday.
"The garment demand is growing as buyers are placing orders ahead of the Christmas season. Also, some revival in the US along with emerging markets has contributed to the exports growth in September," Apparel Export Promotion Council (AEPC) chairman A Sakthivel said.
The council had organised fairs last month in New York and Spain and received positive signals on revival in in USA and EU, he added.
The US and Europe together account for about 60 per cent of the country's total apparel shipments. During April-September 2013, garment exports grew 13 per cent at over USD 6.5 billion.
The AEPC said the garment industry is expected to achieve the USD 17 billion target for the current fiscal as the outbound shipments have been growing at a healthy rate. In 2012-13, apparel exports declined by 6 per cent to USD 12.92 billion.
AEPC said it would set up sector skill council for apparel, made-ups, home furnishing, including handloom. In the area of skill development, it has assessed a total number of 5,800 candidates in the 2013-14 (up to September 2013) under a skill development initiative scheme.
Source:- timesofindia.indiatimes.com
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