AEPC Trade touching 300 billion US $

By sagarmedia on April 17, 2012 | Leave a Comment | Edit

Dr. A Sakthivel, Chairman Apparel Export Promotion Council of India, complimented Shri Anand Sharma for crossing the trade target of US $ 300 billion during 2011-12. Shri Sakthivel gave all credit to Shri Sharma and termed it a ‘big big achievement’. He thanked Minister for encoring the garment exporting community and Minister’s vision for diversification of exports that paid dividends. In his letter Chairman AEPC termed achievement to be remarkable despite bad market conditions in European Union and sluggish market conditions in USA.
Shri Sakthivel in his letter said, “On behalf of US $ 13 billion garment exporting community and 60 lac workers, who have contributed day and night in garment manufacturing and exporting, I once again thank you for your blessings”. We commit ourselves to continue our excellence in manufacturing and exporting. I am confident that the industry would continue to get your support for yet another achievement in the year 2012-12, he added.
It is to be noted that the Indian textile industry is a key pillar of Indian manufacturing, contributing to 14% of industrial production and over 17% of Indian exports earnings and 45 of GDP. More significantly, the industry is the second largest employment generator next only to Agriculture engaging 35 million people across various segments in the entire value chain”. The cotton textile industry has been facing a critical situation in recent times.