Market Access Initiative (MAI)

In News

• Apparel Export Promotion Council (AEPC) inaugurated the first edition of upnext India 2023 in presence of international buyers and exhibitors.

About

• This initiative is in the form of a series of Reverse Buyer Seller meet under the name of “UPNEXT INDIA”.
  • Reverse Buyer Seller Meet is to provide an opportunity for prospective importers (Buyers) to interact with their Indian counterparts (sellers) about the requirements, instead of sellers going to buyers to sell their products.
• Upnext India is organized by AEPC and supported by the Ministry of Commerce and Industry under the Market Access Initiative (MAI) Scheme.

Market Access Initiative (MAI)

• It is an Export Promotion Scheme. The scheme aims to act as a catalyst to promote India’s exports on a sustained basis.
• The scheme is formulated on the basis of the product and country focus approach. It will evolve specific markets and specific products through market studies/surveys. 

Apparel Export Promotion Council (AEPC)

• Incorporated in 1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers/international buyers who choose India as their preferred sourcing destination for garments.

Source: PIB