Apparel industry expects uptick in exports in last two quarters

Apparel exports to the largest market US showed a steep decline of 13 per cent in April-August 2019 as compared to that in April-August 2018

After tepid growth in last few months, apparel industry is expecting revival in exports on account of festive, spring and summer orders in the West.

As per data from Apparel Exports Promotion Council (AEPC), readymade garments (RMG) exports had fallen by 2.44 per cent to stand at $1.26 billion in dollar terms in August 2019 compared to the said month last year and fell again by 2.17 per cent in September 2019 to $1.07 billion. As a result, cumulative RMG exports in dollar terms during April-September, 2019-20 have stood at $7.8 billion registering a marginal growth of 2.06 per cent.