Ready-made garment exports rise 12% in Aug despite global challenges

country's rey-me garment exports (RMG) in August rose by about 12 per cent to $1.26 billion despite global hewinds and challenges such as high logistic cost, according to commerce ministry data.

Cumulatively, RMG exports during April-August period of 2024-25 grew by 7.12 per cent to $6.39 billion.

Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that exports are keeping growth momentum despite global hewinds, persisting Red Sea crisis and or challenges such as high logistic costs.

"Growing at an aver of 7.12 per cent in last five months (April to August 2024-25), RMG exports have bucked trend of falling merchandise exports which touched a 13-month low in August," he said.

He ded that with focus on product quality as well as environmental and social compliance, industry is poised to take a leap into high growth trajectory and be a major global player of garment exports.

"I am hopeful that growth momentum will continue. While global garment sourcing is realigning itself, we are rey to play a significant role. long-term policy support for garment exports related schemes will provide stability in policy regime and will help furr thrust garment exports from country," Sekhri said.

council has me a submission to government for providing flexibility in fabric import, PLI 2.0 for capacity augmentation, and extension of interest equalisation scheme for at least five years with an increased rate of 5 per cent for all exporters.

Mithileshwar Thakur, Secretary General, AEPC stated that in recent months, RMG exports have demonstrated a positive trend.

"FTA (free tre agreement) partner countries like Japan and Korea have also started yielding positive results. Our exports to Japan, Korea, Australia, Mauritius and rway have also grown in first quarter of this fiscal year," Thakur ded.