Promoting Indian Textile And Apparel Exports

IBEFtefotPROMOTINGLNDIANTEXTILEAND APPARELEXPORTSThe global textile market is estimated to reachUss1,412.5billionby2028andwouldexpandata CAGR of 4.4% from 2021 to 2028. Rapidlychanging trends in the fashion industry, alongwithrising consumerawareness,areexpectedtodrive the market, Furthermore, the rise in e-commerce platforms, which is acceleratinggrowth in sales and distribution of various kindsof products manufactured by the industry,isestimated to fuel demand.Additionally,robustgovernment measures to ensure labour healthandsafetyareconvincingasthedemandforpersonal protective clothing that needs testedcotton or wool as raw material is driving themarketgrowth. IBEFIndia aims to achieve a prominent globalposition in manufacturing and exports ofdifferent types of textiles including jute, silk,cotton and wool. It also plans to build a thrivinghandicraft and handloom sector for sustainableeconomic growth as well as promote andpreserve the sector's traditional culturalheritage. The country's vision is to enhance thestrategic and balanced growth of textiles bymaking sure that adequate fibres are readilyavailable to all sectors. It also aims tostrengthen the industry through modernisationand technological upgrades. Furthermore, IndiaGlobally, apparel is one of the world's largestaims to develop the capacity and skills of alland oldest export industries. Apparelworkers in the textile industry and ensure aproduction is the foundation for nationalbetter working environment and improveddevelopment and is the starter industry foraccess to facilities such as healthcare andvarious countries involved in export-linkedinsurance.industrialisation because of its lower fixed costsand focus on labour-intensive manufacturing-India has the potential to increase its textileApparel manufacturing is also an integral part ofexports from USS 40 billion to USS 100 billion inthe broader textile industry and is forecast tothe next five years. The textile sector hadaccount for over two-thirds of the total textiletraditionally enjoyed a comparative advantage,industry. Furthermore, textile accounts for moreparticularly apparel manufacturing. Exports ofthan 2% of India's overall GDP, equivalent toapparel are a significant component of India'salmost 1214% of the manufacturing sector'sexport basket, as it plays a vital role in boostingGDP. Textile is also one of the biggest labour-the domestic economy. An increase inintensive sectors and is an important source ofcompetition from neighbouring countries, suchemployment for semi-skilled and unskilledas Bangladesh and Vietnam, has led to a partiallabour.stagnation in apparel exports, However, India'stextile industry could overcome these barriersTextile products from India are exported toand become one of the most crucial exportersmore than 100 countries, mainly to the US andof textile in the world.European Union countries. The US, the UK,Germany, Bangladesh and the UAE contributeIndia's apparel industry has a great historicsignificantly to the country's textile and apparelsignificance, the traces of which could be foundexports.in the historical records of the Indiansubcontinent and the Indus Valley Civilisation.INDIA'S TEXTILE AND APPAREL EXPORTSProminent Exporting Destinations for Indian Textiles During 20192024%53%79%4%6%USAUAE Bangladesh■ UK■ Germany Rest of the WorldSource: https://commerce.gov.in/about-us/divisions/export-products-division/ep-textile/2 IBEFDuring 201920, textile exports to the US stoodThe Indian textile sector is broadly categorisedat approximately USS 8.22 billion, making it oneinto 25 important commodities such as RMGof the biggest textile exporting hubs for India.cotton along with accessories, cotton fabricsTextile exports to destinations such as the UAEand made-ups. The top 10 most exportedare valued at almost USs 2.28 billion while thosecommodities contribute to approximatelyto Bangladesh stood at nearly USs 2.17 billion.95.35% of the total textile exports.Commodity-wise Exportsof Top Five Commodities byValue During2019-20 (in UsS million)9000.00′00087000.06000.05000.04000.03000.02000.01000.00.02015-162016-172017-182018-192019-20 Articles of Apparel And Clothing Accessories, Knitted Or Corcheted Cotton Other Made-up Textile Articles; Sets; Worn Clothing and Worn Textile Articles; Rags= Man-made FilamentsMan-made Staple FibresSource: https:/commerce.gov.in/about-us/divisions/export-products-division/ep-textile/APPARELEXPORTPROMOTIONCOUNCILsociety at large. AEPC envisions to support,(AEPC)promote and assist the apparel industry toimprove its competitive advantage and globalAEPC was incorporated in 1978 and is astanding in a sustainable fashion that benefitsrecognised body of apparel exports in India,various stakeholders of the industry.which assists Indian exporters and importersthat choose India as a desired garment-sourcingObjectives ofAEPCdestination. AEPC is a powerful body forfacilitating and promoting garmentsEncourage, expand, improve and buildmanufacturing and the