Focus on high-value added products can help India boost apparel exports to Columbia by double digits, says Narendra Goenka, Chairman, AEPC. India’s exporters are already focusing on higher value and specialized products like man-made fibre (MMF) apparels, medical and technical textiles, he adds. Currently there has been a fall in RMG imports by Columbia though Indian exporters have been able to maintain their share at 3.2 per cent with $ 21 million in 2019 and $13 million in 2020, he adds.

Colombian investors can also set up apparel manufacturing facilities in India directly or through joint ventures. They can also partner Indian manufacturers in building R&D, innovation and incubation centres in India, he adds. Sanjiv Ranjan, Indian Ambassador to Colombia opines, rising popularity of Indian garments and textiles in Colombia is an added advantage for exporters. However, they need to make concerted efforts to reach the pre-pandemic level of exports of $22 million, he adds.

By Fashionating World
https://www.fashionatingworld.com/new1-2/value-addition-can-help-india-boost-apparel-exports-to-columbia-aepc