The euro zone debt crisis seems to have hit the apparel exports from India in the current financial year with the Apparel Export Promotion Council (AEPC) admitting that it will fall short of the target. Europe accounts for virtually 50 per cent of India’s total apparel exports. 

Textile ministry had set a target of $14 billion for apparel exports in 201-12 vis-à-vis $11.58 billion in the preceding year. Readymade garments worth $8.4 billion have been exported in April-November 2011 and the ...
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