‘India top sourcing destination for apparel chains’
He also said that huge opportunities are there for Indian textile players in Australia.
India has emerged as the most preferred destination for global brands and stores like Zara,Hamp;M,Tommy Hilfiger and Walmart,apex industry body for apparel sector Apparel Export Promotion Council AEPC has said.
AEPC chairman A Sakthivel said that Indias garment industry has its inherent strengths in terms of design and raw material.
All big brands and chain stores are sourcing from India. It is the most preferred destination for brands like Zara,Gap,Hamp;M,Mango,Tommy Hilfiger. Prominent stores like Walmart,Marks amp; Spencer and Tesco are sourcing garments from India, Sakthivel said in a statement.
He also said that huge opportunities are there for Indian textile players in Australia. We are the third largest exporter of garments to Australia and have all the potential to boost the business further. Garment exports must take advantage to tap this huge 5.61 billion Australian apparel market, he said.
Indias apparel exports to Australia in 2012 were around 111 million. Australia is the focus country for us,as India and Australia are in advanced negotiations for a Free Trade Agreement and also the Australian buyers want to reduce their over dependence on China, he said.
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