New Delhi, India (BBN) – The apparel exports from India in April 2014 has increased by 14.33 percent over the same month of previous year and reached to US$ 1.3 billion, according to the apparel export promotion council (AEPC).
"This is the first month of the 2014-15 and apparel exports have recorded the growth of 14.33% compared to the April month of last financial year. The export for April 2014-15 is to the tune of USD 1.3 billion compared to USD 1.1 billion in the 2013-14 over April month of the previous year," Virender Uppal, Chairman AEPC said while reacting on the apparel exports data, for the month of April 2014-15.
Appreciating the role of garment exporters Uppal said Indian garment manufacturing sector has the highest potential and it needs to increase competitiveness to generate more employment and boost apparel exports from India. “This could only be achieved by enabling facilitative business environment, given its critical role in fostering growth in manufacturing. The need is to simplify the regulatory system and ensure fair competition among the players."
The AEPC has been aggressively advocating for such measures from time to time, including easier imports of fabrics of consistent quality standards at competitive price.
"Presently India is 7th largest apparel exporter in global market with 3.2 percent share in global exports. China, Bangladesh and Vietnam are the other large developing suppliers in global market who have been able to make it bigger by easier import policies," The apparel exporters apex body chief noted.
BBN/SSR/AD-11May14-8:32 am (BST)
