Declining Chinese garment exports to Japan presents golden opportunity for India: AEPC

New Delhi, July 20 (KNN) The Indian apparel industry has a golden opportunity to increase its exports to Japan as the Chinese garment exports has declined to the island nation, Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said on Wednesday.

Speaking at the inauguration of the India Tex Trends Fair in Tokyo, AEPC Chairman said that a strong Indian garment industry with its unique offerings has a huge scope for Japanese trading companies to source from India.

"Apparel imports into Japan have witnessed a positive mark in the last three years. Japan's total import from the world, which was USD 28.49 billion in 2018, has now risen to USD 46.72 billion," he said adding Japan is the fourth largest garment importer in the world after the US, Germany and France.

The 12th edition of the India Tex Trends Fair is witnessing a participation of over 180 Indian exhibitors along with participation from Members of the council.

Sudhir Sekhri, vice-chairman of the AEPC said, “As India has the largest raw material availability of cotton, jute, silk and wool in the world, supported by the world's second largest spinning and weaving capacity, and 95 per cent value addition, the country offers to the world a complete value chain solution from farm to fashion.”

The government has been taking several steps such as the production linked incentive scheme and PM MITRA scheme to support the textile industry's growth and development.  (KNN Bureau)