The Indian Apparel Export Promotion Council (AEPC) has set a vision of reaching USD 40 billion in apparel exports by the year 2030. The council plans to achieve this goal by taking various steps, such as exploring new markets and forming strategic alliances. AEPC Chairman Naren Goenka said that the council will focus on innovation, market expansion, product diversification, and ethical and sustainable business practices.
“We have a dream of making USD 40 billion in apparel exports by 2030. This dream, called ‘40 by 30,’ shows our strong determination to challenge ourselves and reach new heights,” he said.
The AEPC will also work on improving the competitiveness of the Indian apparel industry by addressing challenges such as high costs of raw materials and logistics. The council will also focus on promoting sustainable and ethical practices in the industry.
The AEPC’s ambitious target is a reflection of the growing potential of the Indian apparel industry. India is already one of the world’s largest apparel exporters, and the industry is expected to grow further in the coming years. The AEPC’s initiatives are likely to help India achieve its target of becoming a global leader in apparel exports.
