Dr. A Sakthivel, Chairman Apparel Export Promotion Council in his letter to Shri Anand Sharma, Hon’ble Minister of Textiles, Commerce and Industry complimented him for supporting the country cross the US$ 300 billion mark of exports.
He said, “On behalf of the US $13 billion garment exporting community and 60 lac workers, who have contributed day and night in garment manufacturing and exporting, I thank the Hon’ble Minister of Textiles, Commerce and Industry for his leadership and vision as well as encouraging us for diversifying our exports.”
The hitherto struggling garment export sector, that witnessed dampening exports during most parts of 2011 due to bad market conditions in European Union and sluggish market in USA, survived on the exports front.
Apparel exports reached USD 12145 million in the month of February of financial year 2011-12 with a growth rate of 18.9 % against the corresponding period of last year. In February 2012, exports increased by 1.5 % against the corresponding month of last year. In rupee terms, the exports have increased by 9.8 per cent in February 2012 over the same month of the previous FY.