Strong focus on quality and compliance is reflected in exports growth: Chairman AEPC
“India’s RMG exports have witnessed record growth despite global headwinds and disruptions due to ongoing wars,” said Shri Sudhir Sekhri, Chairman of AEPC, in reference to the industry’s ability to endure difficult times. The RMG industry’s determination to place a high priority on sustainability and quality is already paying off for us. We have been producing both traditional and modern design products with success by utilizing India’s strength in raw materials. Our ongoing efforts to be economical and sustainable are a big draw for foreign purchasers, as evidenced by the rise in exports in recent months.
“We have also been doing well in a few of the FTA’s markets like South Korea registering, Japan, Australia, Mauritius, etc.” added Chairman AEPC.
October 2024 had a 35.1% increase in RMG exports compared to October 2023 and a 24.1% increase compared to October 2022. RMG exports totaled USD 8732.6 million for the April–October 2024–25 period, up 11.6% from April–October 2023–24 and down 4.7% from April–October 2022–23.
“We are hosting Bharat Tex 2025, India’s largest textiles show, next year, which will be a fantastic opportunity to highlight our capabilities. We have been doing roadshows and roundtables to invite the international buyers and brands who are willing to source from India. Chairman AEPC Shri Sekhri emphasized, “The response we are receiving from them is very encouraging.”
“The supply chain is re-aligning at this time due to the Bangladesh crisis and the global buyers looking for China’s alternative,” said Shri Mithileshwar Thakur, Secretary General, AEPC. The old commerce routes have also been disrupted by continuing hostilities, which has increased the cost burden. The government should now fully assist this labor-intensive industry by providing handholding, capacity building, skill development, investment, and ongoing financial support to this MSME-driven sector. India is quickly becoming the go-to sourcing location for major brands and foreign purchasers, and the RMG sector has been expanding quickly. In addition to extending the interest equalization program, we have asked that the interest equalization rate be raised to 5%.
