With COVID-19 making the year 2020 a year of learning and turbulence, the textile and apparel sector is confident of achieving the much needed growth in 2021.
The sector can make 2021 a year of progress by focusing on USA for apparels, as the textile industry had benefited from the volumes in the market in the first 10 months of 2020, Indian Texpreneurs Federation (ITF) convenor Prabhu Dhamodharan said on Saturday.
“Now, its time to step up the efforts to repeat the same success in the US market for our apparel products,” he said.
Vietnams Free Trade Agreement (FTA) with the European Union would intensify competition for India, and at the same time a level-playing field with top competing nations for the US market in terms of duty combined with quick economic recovery make a compelling case for Indian apparel sector for immediate growth, he said.
“We need to intensify efforts and focus on all levels, including those at the government, cluster and companies to grab our share in the US markets,” he said.
Stressing on value addition with new capex, he said using the