Apparel export logged the upturn of 10 per cent: Apparel Export Promotion Council

As apparel exports registered a double digit growth of almost 10 per cent in September after a long spell of stagnation, Apparel Export Promotion Council (AEPC) estimates it as what could be seen as a sign of remarkable recovery ahead. According to A Sakthivel, ChairmaN, AEPC, “exports rose for the first time this fiscal in September and the steep recovery from 90 per cent fall in April to 10 per cent rise last month “corroborates our belief that the apparel sector is already on the path of V-shaped recovery”.

Measures taken by govt to mitigate the loss incurred during the lockdown seem to be lending the much needed thrust to the textile export, as exports saw a growth of 10.2 per cent in September 2020 to USD 1.2 billion as compared with USD 1.079 billion in the same month a year ago.

It can be discerned from the data that negative growth trends have been checked and export businesses may hope to find their moorings back soon.

Cover pic by Scroll

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