Home / Knowledge / News / Apparel/Garments / Indian govt apparel export figures incorrect: Expert
Indian govt apparel export figures incorrect: Expert
06
Jun '12
The garment export figures released recently by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) do not give the correct picture of the situation, according to an expert.

India exported garments worth Rs. 656.51 billion during last fiscal, which ended on March 31, 2012, showing a huge 24 percent growth over apparel exports worth Rs. 529.17 billion achieved during fiscal 2010-11, according to DGCI&S.

However, there have been recessionary trends in the US and Euro zone, increase in bank interest rates, rise in labour and freight costs, etc. that might have affected clothing exports during the year.

“The market is not as vibrant as the DGCI&S apparel export figures portray,” Mr. Rakesh Vaid, former Chairman of Apparel Export Promotion Council (AEPC) and also an apparel exporter, told fibre2fashion.

“In the past, too, DGCI&S has released certain export figures and then revised the same,” informs Mr. Vaid.

“Statistics help us a lot in knowing the exact strength of the market, which categories of goods are in demand and in which countries, etc. So, the DGCI&S needs to be more accurate in collecting and disseminating the data. At the time of export, the Customs Department should also enter proper figures,” he says.

“Moreover, there is no centralized system for reporting the data. Hence, there can be discrepancies. For example, sometimes the apparel category can be listed in textiles and vice versa. So, these kinds of discrepancies do take place,” he adds.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Apparel/Garments | On 20th Sep 2017

Botswana launches response strategy for US AGOA scheme

Botswana’s ministry of investment trade and Industry (MITI) recently...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search