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Apparel exports rise 10.22 % to $1,190 mn in Sept as sector sees recovery

Industry representatives believe this is an indication that the sector has begun its V-shaped recovery and the situation would get better

Topics
apparel exports | Garment sector | AEPC

T E Narasimhan  |  Chennai 

apparel exports, GST, goods and services tax,  readymade garment, RMG, RMG exports, Apparel Export Promotion Council, Merchandise Exports from India Scheme, MEIS, EU market, trade agreement
"Apparel exporters are walking through positive growth,” Sakthivel said.

India's rose by 10.22 per cent in September 2020 to $1,190 million from $ 1,079 million in September 2019.

Industry representatives believe this is an indication that the sector has begun its V-shaped recovery and the situation would get better.

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said that the steep recovery from the 90% fall in April to a 10% rise in September corroborates industry's belief that the apparel sector is already on the path of V-shaped recovery.

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He said, “It was all made possible by of the positive steps taken by the government, especially the ministries of textiles, commerce, MSME and finance. A proactive government with dynamic ministers and supporting policies, our foray into medical textiles and a positive sentiment towards India are making the revival strong".

“The impact of the (Covid-19) pandemic on had been severe. However, we believe this turnaround, with a positive growth of more than 10%, will only gather momentum as we go forward into the second half of the fiscal. The negative growth trend has been arrested after several months and a lot of lost ground will be captured in H2. Apparel exporters are walking through positive growth,” Sakthivel said.

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First Published: Fri, October 16 2020. 19:27 IST
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