With no visible signs of recovery in trade with the US and Europe, the two traditional markets for Indian apparels, Apparel Export Promotion Council (AEPC), a leading apparel industry body of the country, said they are now exploring other markets to improve export position.
With the same intention in mind the Council has planned a series of trade fairs and exhibitions in countries such as Panama, New Zealand and Colombia, and is expecting good response from these markets.
The Council has already successfully organized trade fairs and expos in Russia, Israel and the UK, and has even lead high-level trade delegations to South Africa, Uruguay, Japan and Chile.
Moreover, several Indian apparel enterprises took part in several international fashion fairs like the one held in Hong Kong, the Council added.
India's apparel exports to the EU slumped by 10 percent year-on-year during first half of the current year, while its exports to the US fell by 25 percent year-on-year.
Source:
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116383
