Aepc

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

Apparel sector to contribute in taking exports to $1 trn by 2030: AEPC

The labour intensive apparel sector will contribute significantly in taking the country's merchandise exports to USD one trillion by 2030, AEPC said on Thursday. The Apparel Export Promotion Council (AEPC) said that the incentives in the Budget will help the apparel industry focus on market and product diversification. The council chairman Naren Goenka said that providing an ease-of-doing-export environment would enhance the sector's competitiveness. "The government's key initiatives such as trade agreement with Australia and the UAE and increase in funds will help us to focus on market diversification and product diversification," he said. AEPC promoted global reach of Indian apparel exports to more than 25 export destinations through its export promotion activities in 2022-23. "As we look forward to the 46th year of this council, I can say with confidence that, in the coming years, we will be able to support the government's efforts to make India a USD 2 trillion (USD 1 trillion

Schemes for MSMEs in Budget 2023 to help boost exports, says AEPC

Various schemes, including a revamped credit guarantee scheme, announced in the Budget to support MSMEs and exporters will help promote the country's exports, AEPC said on Thursday. Finance Minister Nirmala Sitharaman in her Budget speech said a revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will be launched from April 1. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that the focus on infrastructure, investment, green growth, youth power and inclusive development will boost India's journey to be the fastest-growing robust economy. The announcement to cover more sectors under the PLI scheme and support to the MSME sector will help thrust exports and investment in the country. Rs 9,000-crore corpus for a revamped credit guarantee scheme will surely alleviate the stress of small and medium enterprises in India, he said. As desired by exporters, the increased allocation for the interest equalization (subsidy) scheme from Rs 2,376 crore

Japan offers huge business opportunities for Indian apparel exporters: AEPC

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

Apparel exports arrest fall, rise by 11.7 pc in Nov: AEPC Chairman

Apparel exports in November rose by 11.7 per cent to about USD 1.2 billion after declining for the last few months amid global challenges, export promotion body AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that exports of ready-made garments (RMG) from India witnessed a rough patch in the past few months since most of the traditional markets such as the UK, the EU and the US have been witnessing recession and global headwinds, leading to falling demand in these countries. Inflation and rising costs of raw material and freight, aggravated by the Russia-Ukraine war, added to the burden of exporters, he said. "However, after a few months of slip, RMG exports have again turned positive signalling the resilience of the industry to adjust to the prevailing challenges," Goenka added. He also said that the target for apparel exports for 2022-23 is USD 17.6 billion against which "we have been able to achieve more than USD 10 billion during April -

India-UAE free trade pact will boost exports of garment sector: AEPC

The free trade agreement between India and the UAE is giving duty free access to the garment sector and it will help increase share of domestic exports in that country, AEPC said in Tuesday. The Apparel Export Promotion Council (AEPC) said that over 20 domestic exporters are participating in the International Apparel and Textile Fair (IATF) in Dubai to showcase their products. Chairman Fair and Exhibitions AEPC Ashok Rajani said India is the second largest supplier of ready-made garments to the UAE after China. "The UAE has traditionally been the topmost trading partner for Indian garment exports. With signing of the UAE-India CEPA agreement giving duty free access to Indian garment exports, this share is expected to increase further," he said. CEPA stands for the Comprehensive Economic Partnership Agreement. Talking about the exhibition, he said exporters are aiming to showcase the best of India's apparel designs and styles in line with the latest fashion trends in a wide range o

India-Australia trade pact to help boost garment exports, says AEPC

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 ...

Amid global headwinds, Indian exporters hope to tide over slowdown

Say India is better placed even as exports decline

Making efforts to promote brand India at global platforms: AEPC

Exports of ready-made garments during 2021-22 stood at $16 billion, an increase 30.4 per cent over previous year

Sustainability is now counted as major pillar of export business: AEPC

India has recently launched Project SURE - Sustainable Resolution - a firm commitment from the industry to move towards fashion that contributes to a clean environment

Looking at new markets to push apparel exports: AEPC chairman

AEPC said it is looking at new markets such as Latin America, Australia and Israel to push the country's exports

Strong demand for Indian apparel to further push exports: AEPC

Export of readymade garments saw an increase of 22 per cent to $1.46 billion in December 2021 from $1.20 billion in the same month of 2020

Apparel exports to major markets increasing at healthy pace: AEPC

Apparel exports to major markets such as US, Europe, others are recording healthy growth and sector would contribute significantly in achieving India's $400 bn exports target for current fiscal year

Apparel exports rise 10.22 % to $1,190 mn in Sept as sector sees recovery

Industry representatives believe this is an indication that the sector has begun its V-shaped recovery and the situation would get better

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

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

AEPC hails move to allow N95 mask exports, says will fetch Rs 1,000 cr a yr

The council says decision will also help clear Rs 464 cr in RoSL claims

RoSCTL scheme to help enhance competitiveness of apparel exporters: AEPC

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

APEC expects 40% increase in apparel exports led by medical textiles

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

Top 10 products that can boost India's apparel exports: AEPC compiles list

Sakthivel sought the government's support in engaging the Indian missions to promote the shipments.

Apparel industry to see Rs 5,000cr investment this year: AEPC

A recent BCG report said that the textile and apparel sector can triple in size to $150 billion and create 50 million jobs by 2025