New Delhi. It is said that one's loss becomes another's gain. The disaster that arose after the political crisis and coup in Bangladesh that started in June became an opportunity for India. Bangladesh, famous for its textile industry all over the world, suffered a lot due to this latest development, while on the other hand, India took full advantage of it. The recently released figures clearly show how the Indian textile industry has gained momentum after the Bangladesh crisis.

The Commerce Ministry said on Thursday that despite global uncertainties, the country's apparel exports grew by 8.5 percent to $7.5 billion (about Rs 60 thousand crores) from September in the current financial year 2024-25. According to the Commerce Ministry, in September also, the export of readymade garments increased by 17.3 percent to $1.11 billion.

Sudhir Sekhri, Chairman of Apparel
Export Promotion Council (AEPC), said that despite global adversities and continued inflationary pressures, India's exports have registered high growth. He said that even in major apparel-exporting countries, the growth of readymade garments (RMG) exports has seen a slowdown in recent months.

Speaking at the key event, Bharat
Sekhri said, "India is in a unique position where there is less dependence on imports. The entire ecosystem is in place from fibre to fashion. The labor force is abundant and young, so the growth potential is unlimited." This year exporters will participate in several major international fairs and will again host 'Bharat Tex' in 2025 to increase their global presence.

Roadshows to be held in US-Europe
The Council will also organize international roadshows in Spain and New York this month, which will showcase the best of trade, technology, and tradition. AEPC Secretary General Mithileshwar Thakur said that India has started tapping the untapped potential. Despite geopolitical challenges and supply chain disruptions, exports of readymade garments have registered an impressive double-digit growth in the last few months. It would not be an exaggeration to say that the whole world has started looking at India as a preferred 'sourcing' destination. Our reach is expanding to major export destinations US, UK, Germany, Spain, and the Netherlands.