In comparison to the same period last year, ready-made garment (RMG) exports increased 17.30 per cent last month, according to data released by the Apparel Export Promotion Council (AEPC). Exports of garments increased 8.61 per cent from April to September compared to April-September 2023, in terms of dollars.
The growth will continue in the upcoming months, leading to exports that are 15 per cent–20 per cent greater in 2024–2025 than they were in FY ’24. According to AEPC’s southern region in-charge, A. Sakthivel, foreign buyers are now acknowledging Indian products and procuring more from India.
In spite of the global slump and ongoing inflationary pressure, India’s RMG exports have outperformed, according to a statement from AEPC chairman Sudhir Sekhri. The rise of RMG exports even slowed down in the major exporting nations.
In addition to hosting Bharat Tex once more in 2025, AEPC will be taking part in other significant international fairs this year, said Sekhri. In preparation for Bharat Tex 2025, it hosted roundtable discussions with purchasing experts and international brands. The fact that so many buying agents and consultants attended the roundtables showed that they were eager to build closer ties with the Indian exporting community.
Additionally, AEPC will be showcasing the finest in trade, technology, and history this month by holding international roadshows in Spain and New York. By demonstrating its enormous potential in innovation, technology, and sustainable practices, the roadshows will establish India as a major worldwide centre for textiles.
Despite supply chain interruptions and geopolitical difficulties, Indian RMG exports have experienced double-digit increase in recent months, according to AEPC Secretary General Mithileshwar Thakur. According to him, this is because India is seen as a favoured location for sourcing.
An analysis from Confederation of Indian Textile Industry (CITI) showed that Indian textile exports increased by approximately 9.56 per cent in September 2024 compared to September 2023. Textile and apparel exports overall increased by 12.38 per cent in September 2024 compared to September 2023. The total exports of textiles and apparel from April to September of this year increased by 5.13 per cent over April to September of last year.
CITI Chairman, Rakesh Mehra remarked, “India’s exports of clothing and textiles are still growing rapidly; in September 2024, they increased by 12.38 per cent over the previous year. The remarkable 17.30 per cent increase in apparel exports in particular reflects the demand for high-quality Indian goods around the world. The consistent 5.13 per cent rise in cumulative exports for the first half of FY ’24 demonstrates the robustness of our industry and its capacity to propel economic advancement.”
“Textiles finally taking off after a very long lull of almost 2 years….cumulative impact of pipeline inventory globally coming down, imports again looking up from developed countries, Bangladesh disturbance & relatively low raw material prices,” said Sanjay Jain, MD TT Ltd.