Garment Industry Aiming At $25 Billion Exports By 2014-11
Trading Markets, CA
(RTTNews) – Mr Vijay Agarwal, Chairman, Apparel Export Promotion Council announced Wednesday that there may be an approximate 10% increase in the country’s garment exports during 2014-07 over last year’s performance of $8.2 billion.
Addressing the inaugural function of the second Apparel Training and Design Centre in the Chennai, he said that despite the targeted growth of 30%, only 10% growth might be achieved due to higher interest rate and stronger rupee.
The aim for the garment industry was to achieve an export target. To achieve this, the industry would need an additional 1.5 million people and an investment of Rs 35,000 crores in related infrastructure.He added that over 20,000 personnel have been trained at 21 apparel training and design centres across the country. The centres were set up by the council to upgrade the technical skills of personnel employed in the readymade garment industry.
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