Apparel Exporters on the path of V-shaped recovery: AEPC Chairman
Exports have registered a double digit growth in September indicating that the
sector has begun its V shaped recovery and is expect to do better in the coming
months said Dr A Sakthivel chairman of the Apparel Export Promotion Council
Apparel Exports rose for the first time this
fiscal in September. 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,” Dr Sakthivel said in a statement on
Chairman thanked the Government of India and Textiles Minister Smriti Zubin
Irani, r of Commerce Minister Piyush Goyal,
MSME Ministeri Nitin Gadkari and Finance Minister Ms Nirmala Sitharaman
for leading the industry out of this crisis.
Our foray into Medical Textiles and
positive sentiment towards India are making the revival strong
possible because of the positive steps taken by the Government of India
especially the Ministries of Textiles, Commerce, MSME and Finance. Pro-active
government with dynamic ministers and supporting policies, our foray into
Medical Textiles and positive sentiment towards India are making the revival
apparel exporting industry has risen like a phoenix from the deep crisis
because of the hard-working and ingenious apparel exporters, who must be
complimented for their agility and enterprise for protecting both industry and
jobs,” Dr Sakthivel said.
The negative growth trend has been
arrested after several months
exports saw a positive growth of 10.22 per cent for September ( 1,190 million
US Dollars) vis-à-vis 1,079 million US
Dollars in September 2019.
of pandemic on apparel exports had been severe. However, we believe this
turnaround with a positive growth of more than 10 per cent as we go forward in
the second half of the fiscal. The negative growth trend has been arrested
after several months and a lot of lost ground will be captured in H2. Apparel
exporters are walking through positive growth,” Dr Sakthivel said.