Indian apparel exporters should aspire to achieve double digit share of global market, Vice-President M Venkaiah Naidu said while inaugurating the Apparel Export Promotion Council’s (AEPC) virtual fair platform. While India is the largest producer of cotton and jute and is a major yarn producer, it lacks competitive edge in fabrics and garments. Hence, there is a need to improve competitiveness of these segments. Bangladesh and Vietnam are major competitors for India because of the availability of labour in these countries. Skilled manpower should be our core strength says the minister.
The Vice-President also urged the industry to look at a diverse portfolio of products to tap new markets. The private sector should partner with the government and improve competitiveness even in new areas such as MMF and technical textiles. The textile and clothing sector should focus on technology upgrade and up-skilling workers to improve its competitiveness.
The global market for technical textiles is $220 billion and India has huge potential to tap in this sector. The government has come out with production linked incentive scheme for technical textiles. The apparel manufacturers should aim for double digit share in the global market. The Vice-President also pointed out that the on-going pandemic has necessitated export events to take place on the virtual medium.