Textile and accessories: The next big opportunity!
The Garments Accessories and Packaging (GAP) sector plays a crucial role as the backward linkage industry for RMG as in FY 2023-24, it brought in US $ 6.87 billion, including US $ 1 billion from direct exports, to markets like Netherlands, South Africa, India, the Middle East, Italy and more.
For far too long, the RMG sector has taken centre stage, and rightfully so, given the massive revenue it generates. To maximise growth, there’s been a strong push to diversify the export basket and explore higher-value product categories.