 "India needs MMF fabric at right price to capture global apparel trade: AEPC")
India has abundant supply of manmade fibre (MMF) and yarn but needs the fibre at the right price to capture greater share in the global apparel trade, AEPC said on Tuesday.
Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the global market for MMF garments is USD 500 billion, including USD 170 billion for sportswear.
"India's share in global apparel trade is low. We need to do a lot to match up to the international requirements. We have enough MMF fibre and yarn but we are not having sufficient fabric, especially fabric for sportswear and exports," Sakthivel said.
He added that both capacity and right pricing are must to become globally competitive.
AEPC Chairman (Export Promotion) Sudhir Sekhri said India's problem is in value chain integration.
"We have to see that the price points are right and the capacities are available," he added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app