Indian RMG Exports Registers 9.8% Growth in November 2024
25 December 2024: Speaking on the export growth momentum Sudhir Sekhri, Chairman AEPC said “India’s RMG sector is registering significant export growth signaling acceptability and rise in demand for made in India products globally. While the overall exports declined, apparel exports withstood the headwinds showing the resilience to buck the adverse situation. I am hopeful that with the changing geopolitical equations a lot more business will shift to India in the near future”
“With India’s inherent strengths and strong supportive policy framework by the Centre and States, India is all poised to reap its benefits” With end-to-end value chain capability, a strong raw material base and factories focusing on sustainable responsible business practices, India will surely see substantial growth in times to come” Sekhri added.
RMG exports for the month of November 2024 has increased by 9.8% as compared to November 2023 and decreased by 6.6 % as compared to November 2022. Similarly, cumulative RMG exports for the period April-November 2024-25 is USD 9853.9 million showing a growth of 11.4% over April-November 2023-24 and a decline of 4.9% over April-November 2022-23.
Further, Sekhri said, “Growth in the USA and UK is picking up which are our top markets. I am happy to see that we are also witnessing green shoots from our FTA markets such as Australia, Korea, Japan, Mauritius, Netherlands, UAE, etc.”
Chairman AEPC appealed to the international buyers to visit India and participate in Bharat Tex Expo 2025 which is a great platform to see India’s entire textiles value chain under one roof. “We have been to various countries during the Bharat Tex Roadshow and have received phenomenal response from international buyers and retail chains. I am sure this platform will enable great collaboration and expand sourcing networks while promoting Foreign Direct Investment (FDI) in India.”
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