Apparel Export Promotion Council (AEPC) has issued a trade and health advisory that shares its initiatives of identified alternate sources of input suppliers to help diversify sourcing of raw materials and identified products with potential for exports in US markets. As for apparel export, China has recently offloaded products worth $4.9 billion in top nine markets. In these markets, though India has captured only $ 314.4 million.
Germany, Korea, Russian Federation, France and Netherlands are among the top markets where India couldn’t capture the offloaded space by China. While in Australia, UK and US, India captured the Chinese offloaded space by 29.9, 10.7 and 9.7 per cent, respectively.
As for raw material sourcing, India’s import of yarn, fabric and interlining from China were 46, 67 and 99 per cent respectively. Indonesia and Japan can be an option for yarn, while Egypt and Korea should explore for fabric. Out of top 10 product segments exported to the US by China, India has a potential for seven categories, while there are four such products exports to EU that India can tap. Some common products for US and EU are jerseys, pullovers, cardigans, waistcoats, women’s trousers, bib and brace overalls and men’s trousers.
