- 17 Jan 2025
- ICICI Securities
INDIA'S APPAREL EXPORTS SURGED BY 11.6 PER CENT TO USD 11.31 BILLION DURING APRIL-DECEMBER
News: According to AEPC ( Apparel Export Promotion Council), India's apparel exports surged by 11.6 per cent to USD 11.31 billion during April-December of this fiscal year due to robust growth in markets including the US, UK, and Germany. The positive trend signifies a strategic moment for India to enhance its global market presence and attract foreign investment. The loe, adaptility to changing consumer trends and improving factory compliances.
Views: GokaldasWe beng term outlook for Indian apparel exports remains positive, largely on account of improved product acceptanclieve factors such as China +1, likely signing of FTA with UK, instability in Bangladesh and global retailers scouting for stable supply will be medium to long term growth drivers for apparel exporters. The trend is positive for apparel manufacturing companies such as Gokaldas Exports and KPR Mills.
Impact: Positive