Garment Exports

Clothing and textile production is by far the biggest industry in Bangladesh

Implementation of the free trade agreement between India and Australia will help boost garment exports, AEPC said on Wednesday. The agreement was approved by the Australian Parliament on Wednesday, paving the way for its rollout. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said the duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive. "This will also provide a good opportunity for the Australian companies to embrace China plus one policy," he said. Recently, an AEPC delegation participated in the International Sourcing Expo in Australia. Goenka said that the Australian companies are eagerly waiting to forge stronger ties and source garment and textiles products from India and this deal will be a shot in the arm for them. "AEPC will be facilitating the Indian companies to connect with the right partners through its export promotion initiatives," he ...

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery

According to a report, global garment retailers are asking Indian exporters to reduce apparel prices as cotton prices have dropped 16 per cent and the Indian rupee has devalued against the US dollar.

Bangladesh's growth stems largely from its success as an exporter of garments, which account for around 80 per cent of its total exports

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

The South Indian Hosiery Manufacturer Association has called upon the Centre to ban the export of yarn and fabric and bring yarn under the Essential Commodities Act.

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

They allege that the latter stopped supplies without reason, say that this could hugely impact export biz

The Sino-US trade war has offset the pandemic-induced slowdown

Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

The development comes months after shipments were kept on hold by international customers due to lockdown imposed in their respective countries

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market

Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries

Garment exports accounted for $34.12 billion, or 84% of the country's overall exports of $40.53 billion, in the fiscal year ended June 30, 2019.

Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent

Exporters have attributed the drop mainly due to COVID-19, which impacted sentiment in the European market - the largest for Indian exporters

As RoSL and MEIS were simultaneously available along with RoSCTL, many exporters factored in both in their costing. Exporters said the government had at no point issued any notification on this.