Apparel Industry Should Aim for $60 Billion Exports in Three Years

The Indian apparel industry should expect $60 billion in exports in the next three years. The surplus in exports is due to the resurgence of importing in the United States and Europe, which are the two biggest markets for Indian textiles and apparel.

April through October 2013 saw a 15.5 percent increase in apparel exports. Experts expect further increases in the years to come when U.S. and European exports are combined with exports to Israel, Russia, Brazil and Japan.