News

Apparel exporters already on the path of V-shaped recovery: AEPC Chairman

aepc

Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel said that the double-digit growth in apparel exports in September.

indicates that the sector has begun its V-shaped recovery and is going to get better.

“Apparel exports rose for the first time this fiscal in September.

The steep recovery from 90% fall in April to 10% rise last month corroborates our belief that the apparel sector is already on the path of V-shaped recovery,” Dr Sakthivel said.

Apparel exports saw a positive growth of 10.22% for September 2020 (USD 1,190 million) vis-à-vis USD 1,079 million in September 2019.

hohenstein

“The impact of pandemic on apparel exports had been severe.

However, we believe this turnaround with a positive growth of more than 10% will only increase as we go forward in the second half of the fiscal.

The negative growth trend has been arrested after several months and a lot of lost ground will be captured in H2.

Apparel exporters are walking through positive growth,” Dr Sakthivel said

Related posts

MINISO GOES ONLINE

PS NewsDesk

Fashion retailer Marks & Spencer bets big on India retailing

Perfect Sourcing Newsdesk

Fashion chain Brand Factory to take online route

Leave a Comment