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AEPC Chairman: India’s exports to touch $ 400 bn

Jun 01, 2021
AEPC Chairman: India’s exports to touch $ 400 bn

New Delhi

According to A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), India’s merchandise exports are going to touch $400 billion this fiscal year.

He said that after 74 years of Independence, this is the first time that the Prime Minister of the country, Narendra Modi., has interacted with Export Promotion Councils, Commodity Boards, Export Commissioners from States/ UTs, Industry Organisations, Indian Ambassadors, and High Commissioners. In the interaction, he has encouraged them to achieve this target.

Sakthivel also said that under the leadership of the current Prime Minister, the government has tried to encourage the exporting community mainly the apparel exporters. He feels that the exports of apparel will contribute towards achieving this set target. He also quoted some data saying, Exports to the USA and EU have increased by 22% each. Exports to other markets like Canada, Japan, the UK, Saudi Arabia, and Australia are also on the path of growth.

The Chairman expressed his gratitude to Vice President of India M Venkaiah Naidu for inaugurating the Virtual Exhibition Platform of AEPC, Minister of Textiles, Commerce & Industry Piyush Goyal for extending the RoSCTL, and Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman. He also said that the virtual platform is acting as a turning point in the history of the country’s apparel exports. He also appreciated the efforts of the government as it has announced a huge amount for 13 key sectors under the PLI scheme. He said that this step of the government will help in enhancing exports, expand manufacturing capacities, and increasing investments. He also feels that this is the golden opportunity for apparel exporters who are yet to step into MMF garments. 

Source – Knn India

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