Gujarat’s garment exports to witness robust growth

With a new textile policy in place, Gujarat is set to see

robust growth in garment exports in the next five years, informed Federation of Indian Export Organisations (FIEO). Gujarat, which currently has around five per cent share in the country’s total garment exports, will see its share growing by three times to around 15 per cent over the next five years, claimed FIEO.

According to data provided by FIEO, Gujarat has recorded merchandise exports worth dollar 75 billion (approx Rs 405,000 crores) annually, against which India’s overall merchandise export is valued at dollar 300 billion (Rs 16,42,650 crores).

“India’s exports are expected to touch dollar 1,200 billion (approx Rs 64,80,000 crore) by 2020, nearly four times of the current value. This will be driven by the growth in exports of finished products in the sectors like pharma, food processing, engineering and garments opines Rafeeque Ahmed, President, FIEO. According to him, Gujarat’s merchandise exports would cross dollar 400 billion (Rs 21,90,200 crores) by 2020.