Related Keywords: AEPC, Apparel Export Promotion Council, garment export from Bangladesh, garment export from Vietnam, textile exports China, textile exports Germany, textile exports Italy, textiles export from India
According to data released by the India garment exporter body, Apparel Export Promotion Council, textiles exports in 2013 were at US$40 billion, ranking second in world trade. It has overtaken Germany and Italy to emerge second largest textile exporter, but lags China, World No. 1. China's exports are nearly seven times higher than India at US$274 billion.
Developing countries like Bangladesh and Vietnam have emerged as major suppliers to retail chains in Europe and the US on the back of cheap labour and lower-duty access.
