‘40 by 30’! AEPC sets $40 bn exports target by 2030, aims to explore new destinations

NEW DELHI : Indian apparel exporters’ national body Apparel Export Promotion Council (AEPC) has set a target of US $ 40 billion by 2030. In a statement, the council said that this target, named ‘40 by 30’, reflects Indian exporters’ commitment to reaching new heights and pushing limits in the ongoing decade.

Mr. Naren Goenka, Chairman, AEPC said, “AEPC is excited to share our ambitious goal. ‘40 by 30’ is not just a financial milestone; it’s a testament to our potential and our vision for the future.”

He further added that “To reach this target, we will need to; focus on Innovation, expand our market and product basket, practice sustainability and responsible business practices, foster strategic partnerships and empower our people.”

It is worth mentioning here that from last almost 7 years Indian apparel exports have been stagnant and roaming around US $ 16 billion. Though the Government’s major initiatives — PLI scheme and PM MITRA Park — are expected to increase India’s apparel exports.

AEPC also informed that Shri Piyush Goyal, the Union Minister for Textiles, Commerce and Industry will be presenting the AEPC prestigious exports awards to RMG exporters on 9th December 2023 in New Delhi.

The ‘AEPC Excellence Honours’ will be conferred for the year 2021-22 and 2022-23. The awards recognise extraordinary contributions made by Indian Apparel exporters in building modern export enterprises and helping to further develop a unique Indian export culture.

The award will be given in 13 categories, extending across diverse product categories and including both experienced and start up representation.