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India's garment exports expected to touch USD20 bn in FY18

Related Keywords: clocked fifteen percent growth, CMAI, during the current fiscal, favourable special apparel package announced, fifteen to eighteen percent growth, following improved market conditions, garment exports expected to register, Indian garment exports, last fiscal year, touch USD twenty billion, US and other markets, USD seventeen billion

India's garment exports clocked 15 percent growth at USD17 billion in FY17 now following improved market conditions in US and other markets, the garment exports are expected to register a 15-18 percent growth to touch USD 20 billion during the current fiscal.

The US market, which consists of 30 percent market share is doing reasonably well and they are also looking at good exports potential to South America, European, Middle East and Japanese markets this year, said Clothing Manufacturers Association of India (CMAI) president Rahul Mehta.

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