AEPC formulates roadmap to boost Garment exports

MUMBAI: Apparel Export Promotion Council (AEPC) recently said it will take steps like tapping new markets and facilitating availability of raw material, to boost overseas shipments of the sector.

AEPC Chairman Ashok G Rajani said the council would work to achieve the textiles exports target of USD 30 billion. "We not only have to reach the target of USD 30 billion that the government has set for us, but have to go ahead and exceed that. With our strategies and the reforms, I don't think this is going to be very difficult," Rajani said in a statement. Presenting AEPC's roadmap to boost exports, he said the council would prepare a strategy to accelerate export growth rate in preferential markets.

Quoting Joint Secretary in the Ministry of Textiles Sunaina Tomar, AEPC said the recent reforms announced by the Government would help enhance the growth of the sector. She asked Rajani to "formulate a time bound action plan as to what needs to be done to generate an extra employment".

The Union Cabinet has recently approved a Rs 6,000 crore special package for textiles & apparel sector to create one crore new jobs in 3 years, attracting investments of USD 11 billion and generating USD 30 billion in exports.

Source: - Dailyshippingtimes.com