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Huge potential for India-Mexico apparel trade

  

Rising bilateral trade between India and Mexico offers huge potential for growth of apparel between the two countries, says Manpreet Vohra, Indian Ambassador. Vohra was addressing the 'India-Mexico Synergies in Apparel and Textiles' virtual meeting, organized by Apparel Export Promotion Council (AEPC) and Embassy of India, Mexico City, Mexico.

He said, one of the most important products in India-Mexico bilateral trade is garments and textiles. From January to November 2020, India exported garments and textiles worth $7.9 billion to Mexico and can further increase these exports, he added. A leading exporter of high quality and competitively priced garments and textiles, India has a market size of $100 billion. Both this market size and India’s share in global apparel trade are likely to triple by 2024-25, he added.

A Sakthivel, Chairman, AEPC added, India has successfully enhanced production of medical textiles from zero in March 2020 to world's second-largest manufacturer in June. Sudhir Sekhri, Chairman (Export Promotion), AEPC said, India currently exports only one MMF product to Mexico. This needs to be addressed and MMF exports need to be increased.

 
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