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 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Apparel/Garments | On 19th Jan 2017

Apparel brand Mango adapts website for Middle East region

Spanish apparel brand Mango has unveiled an adapted version of its...

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search