Apparel exports grow by 26%

New Delhi, Dec 11 (KNN)  The apparel sector has earned Rs 49,200 crore in foreign exchange during April-October, 2013, showing a growth of 26 per cent compared to last year.

This was stated by the Minister of Textiles, K S Rao during annual export award function organised by the Apparel Export Promotion Council (AEPC) here yesterday.

The minister highlighted the beneficiary schemes and policy on textiles in the country.

“During the 12th Five Year Plan, I had emphasized for ensuring raw material safety through National Fibre Policy, Technology Mission on cotton, towards modernization, skill and financial support, etc. I also laid stress for the continuation of TUFS in 12th Plan, Integrated Textile Parks, Integrated Skill Development Scheme, DISHA and even Knitwear Technology Mission under product development have been finalized as Government Policy,” he said.

Emphasising the key objectives of 12th five Year Plan, Rao said achieving annual average growth rate of 11.5 per cent in volume terms in cloth production, increasing domestic value addition and technological depth, training of 35 lakh persons, additional employment to 15.81 million workers by 2016-17, etc are the key priorities.

He also stressed the need to innovate and explore new non-traditional markets like Israel, Russia, Brazil and Japan. The new markets should be perceived actually as a new growth opportunity.

AEPC organized its annual export award function 2013 for outstanding export performance for the year 2012-13.

Rao presented the awards in the presence of textiles secretary Zohra Chatterji, other officials of the government, AEPC officials and the captains of the garment Industry.

A global date book of AEPC’s Export promotion Events 2014-15 and a study on competiveness were also unveiled by the minister.