15-18% growth in gar­ment ex­port next year

Apparel Online - - India Canvas -

In­dia is likely to note a 15-18 per cent growth in gar­ment ex­port to touch US $ 20 bil­lion dur­ing the cur­rent fis­cal. The in­crease from US $ 17 bil­lion in FY 2017 is ex­pected mostly owing to the im­proved mar­ket con­di­tions in the US and other mar­kets. How­ever, In­dia failed to grab the de­sired ex­port tar­get for the year 201617. “The US mar­ket is do­ing rea­son­ably well and we are also look­ing at good ex­ports po­ten­tial to South Amer­ica, Euro­pean, Mid­dle East and Ja­panese mar­kets this year,” stated Pres­i­dent of Cloth­ing Man­u­fac­tur­ers As­so­ci­a­tion of In­dia Pres­i­dent, Rahul Me­hta.

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