Apparel body says removal of export curb on N-95 masks to help boost sector

Topics AEPC | apparel exports

People seen wearing pollution masks while they commute to their work places in New Delhi

Apparel exporters body AEPC on Tuesday said the government's decision to remove export curbs on N-95 masks will open up global markets for Indian players engaged in the sector.

"This move will increase India's exports by Rs 1,000 crore annually. The country will now be able to bag export orders worth crore of rupees in this huge business opportunity. Annual export of all the PPE (Personal Protective Equipment) kits including N-95 masks could be around Rs 3,000 crore to Rs 4,000 crore, chairman of the AEPC Sakthivel said in a statement.

The government removed export curbs on N-95 masks, which are in demand due to COVID-19 pandemic, with a view to promoting outbound shipments of the product.

The lifting of the export ban on N-95 masks opens up the global market finally for all items under PPE which has a total global market of more than USD 60 billion over the next five years, he said.

He further added that this will strengthen the domestic PPE manufacturers to compete at the international level. The industry is producing more than 50 lakh N-95 and 2/3 ply masks on a daily basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel