Apparel Export

Japan offers huge business opportunities for Indian apparel exporters and the industry should explore that market, AEPC said on Saturday

Customs duty advantage under the India-Australia free trade agreement will help Indian apparel exporters get greater market access in that country as compared to their competitors, AEPC said on Tuesday. The agreement is coming into force from December 29. Apparel Export Promotion Council (AEPC) Vice Chairman Sudhir Sekhri said Australia is the largest importer of garments in the southern hemisphere. While China's share in import of apparel into Australia is more than 70 per cent, India's share is less than 5 per cent. "With the India-Australia ECTA (Economic Cooperation and Trade Agreement ) getting operationalised, India will have a slight duty advantage over Vietnam and Indonesia for imports in the Australian market," he said. India's ready-made garment exports to Australia have seen a growth of an average of 11.84 per cent over the last 5 years, which is "purely on account of China Plus One strategy adopted by most countries," he added. Going by this growth trend and with the

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel welcomed the release of funds for paying the dues under the scheme for fiscal 2020-21

Council chief Welcomes Govt's readiness to sign limited deal with US, urges review of key trading pacts in order to remove disadvantages

Wants textile industry to explore use of new materials like bamboo, says he will speak to PM to allow export of PPE

Says country's apparel exports can double in three years if disadvantages in trade pacts are removed and positive sentiment leveraged

The AEPC has requested the government to lift the ban on the export of PPE kits and has sent letters to Minister of Commerce and Industry Piyush Goyal and Minister of Textiles Smriti Zubin Irani

AEPC chairman says there is a huge market for masks across the world and all the fashion brands have started asking for it

Most units say there are no orders as retailers haven't resumed operations

A study conducted by the industrial body says job losses in the textile value chain could be a staggering 10 million

Write to PM, saying foreign order cancellations would affect 12.9 million workers

Apparel exports to the largest market US showed a steep decline of 13 per cent in April-August 2019 as compared to that in April-August 2018

Demand from key importers and particularly, the United Arab Emirates, has gone down drastically

Lack of export benefits under GST renders Indian exporters uncompetitive globally

Industry body attributes it to rupee appreciation, post GST measures

Fabric and garment maker Raymond showed profit of Rs 62 crore as against a net loss of Rs 7 crore in the pre-GST quarter of April-June