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Garment exporters off to Japan in quest for new markets
17
Nov '08
In an effort to reverse the slowdown in exports of readymade garments, an eight-member team of the Apparel Export Promotion Council (AEPC) today began a week-long tour of Japan to explore fresh avenues.

Japan is the fourth largest importer of apparels worldwide. The team of exporters led by AEPC chairman Rakesh Vaid will visit Tokyo and Osaka to understand the product mix being imported.

Japan imported readymade garments worth 22.6 billion dollars in 2007, most of them from China. The imports from India were valued at 151 million dollars, down 11.6 per cent from the previous year.

"India exported woven apparels worth 131 million dollars to Japan last year while knit apparels were of value 20 million dollars," said Mr Vaid. "China accounts for 93 per cent of Japan's imports while India's share is only 0.3 per cent."

With a severe downturn in economies of the United States and Europe, there is enormous scope for boosting exports of readymade garments to Japan, said Mr Vaid. Japan ranks as the fourth biggest importer of apparels after the United States, Germany and Britain with 8.14 per cent share of global imports.

"The AEPC has also planned a mega show in Japan to highlight the strengths of Indian apparel industry. About 50 leading exporters will showcase their products," said Mr Vaid. The dates for show are yet to be finalised. AEPC will invite Japanese designers to India so that they can work with manufacturers and exporters.

The AEPC is a nodal agency of the textiles ministry and represents over 8,000 small, medium and large exporters. India exported readymade apparels worth 9.7 billion dollars in 2007-08. Nearly 60 per cent of exports are to the United States, Britain, France and Germany.

Apparel Export Promotion Council


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