With the Covid-19 situation in the US under control to some extent, export of readymade garments has risen to the US from various countries. Bangladesh could not take advantage of this and its exports have declined.
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As the export duties on the raw material reduce, it is expected that the textile exports from Pakistan will increase by $5 billion in the next fiscal year.
As the export duties on the raw material reduce, it is expected that the textile exports from Pakistan will increase by $5 billion in the next fiscal year.
The importers of Vietnamese textile and garment products are opening opportunities for enterprises so as to boost production and expand the export market as the effect of the COVID-19 pandemic is subsidized.
The apparel exporters in Noida are experiencing a comeback of the export orders as the western nations are slowly opening up after the effects of the pandemic. Noida has around 3,000 apparel manufacturing units.
According to A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), India’s merchandise exports are going to touch $400 billion this fiscal year.
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.