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Business EconomyPosted at: Feb 20 2020 7:09PM


AEPC identifies top 10 product lines to enhance apparel exports

New Delhi, Feb 20 (UNI) A day after Textiles Minister Smriti Zubin Irani called on textile exporters to move into spaces vacated by China, Apparel Export Promotion Council (AEPC) has identified top 10 product lines in four countries and regions with major Chinese exports.

The top 10 Chinese products exported to the US where India also has a presence include jerseys, pullovers, cardigans, waistcoats made of cotton or man-made fibres (MMF), trousers, shorts made of cotton/ synthetic fibres, hosiery, T-shirts, singlet and tracksuits, according to a statement here on Thursday.

AEPC Chairman Dr A Sakthivel said, ''Of the USD 2.4 billion apparel market vacated by China in the US, India has captured a mere USD 237 million, or less than 10 per cent. However, the Revealed Comparative Advantage shows India has a good potential in seven of the 10 product lines.''

The Council has similarly identified top 10 Chinese apparel exports to European Union, Japan and South Korea, and highlighted the product lines where India has the potential to make a mark. ''We will share this information with our members in an extensive outreach so that they can take advantage of the emerging scenario,'' he said.

AEPC Export Promotion Committee Sudhir Sekhri said, ''Of the 36 per cent space vacated by China, only 5 per cent has come our way. While there are huge emerging opportunities, there is a need for introspection as to what needs to be done.''

On Wednesday, the Union Minister of Textiles and Women and Child Development urged the industry to ensure that India is not a nation of job workers but a nation of textile leaders, and also that India should not aspire to be just a sourcing hub but one that meets the end-to-end textile needs of various nations and communities.

The Minister said that the government will identify ambitious MSMEs who meet export compliances and delivery schedules, and support them with finance, legislation, certification, quality control programmes and R and D to help them grow big.

AEPC plans to identify the top 20 buyers of the identified product lines and requests the government’s support in engaging the embassies as suggested by Textiles Secretary Ravi Capoor at the symposium attended by the Textile Minister yesterday.

Mr Capoor had said that the embassies could be reached out with the list of big buyers to connect with them and also to connect with new set of suppliers of raw materials.

Dr Sakthivel said, ''While there is no problem with the US market, we will need the support of the textile and commerce ministries to gain access to some of the countries. In US, the deciding factors will be sheer competitiveness and appetite of the Indian players, while in the UK and EU early FTAs will help.

''The removal of anti-dumping duty on PTA (Purified Terephthalic Acid -- the basic raw material used in the manufacture of polyester staple fibre and filaments) will promote the growth of man-made fibre companies. While cotton is our main products, we will now promote MMF also because the world is moving to MMF. However, we continue to promote cotton as well.''
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