Home / Knowledge / News / Apparel/Garments / AEPC confident of meeting US$18bn apparel export target
AEPC confident of meeting US$18bn apparel export target
20
Jun '12
India is on track to achieve US$18bn apparel export target set by the Government for fiscal year 2012-13, according to Apparel Export Promotion Council (AEPC), the official body of apparel exporters in India. 

India exported garments worth US$ 11.162 billion in 2010-11, growing at a rate of 4.9 percent year-on-year, against the target of US$ 12 billion, as per the data with the Directorate General of Commercial Intelligence and Statistics (DGCIS).
 
Last fiscal, compared to its set target of US$ 14 billion, India managed to export clothing items worth US$ 13.699 billion, growing at a rate of 22.7 percent year-on-year.
 
Speaking to fibre2fashion, Mrs. Chandrima Chatterjee, Director-Economic & Consultancy Department, AEPC, said, “Every year, the Government sets ambitious targets for apparel exports and so far we have been, more or less, able to meet them. The apparel exports target for the current fiscal year is US$ 18 billion and AEPC is confident that the target can be achieved.” 
 
Enumerating the reasons for being optimistic about meeting garment export target, she says, “This year, we had a favourable dollar rate. Then, the incentives announced in the Annual Supplement to Foreign Trade Policy (FTP) 2009-14 are favourable for apparel exports.” 
 
“A good number of incentives by way of Focused Product & Market Scheme (FMS) have come to the apparel sector, which would also help boost apparel exports,” she adds.
 
The US and Europe have traditionally been major markets for India’s apparels. But lately, Indian garment exporters have diversified their presence in other countries. “In this context, the FMS and the Market Linked Focused Product (MLFP) scheme are very relevant,” says Mrs. Chatterjee.
 
“Since the last two years, we have increased our presence in some non-traditional markets and we have export promotion activities focused on these countries, especially Japan, along with Australia, South Africa and countries in Latin America. These are our focus areas where we are expecting good growth,” she informs.
 
A distinct feature of India’s apparel exports is that its growth in volume terms has always been lower than in value terms. Mrs. Chatterjee expects the trend to continue during the current fiscal as well.
 
“It is indicative of a rising Unit Value Realization (UVR). We are consciously trying to increase our UVR. It means that our products are now fetching a higher price, which is, of course, a desirable thing,” she explains.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 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

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

Yes No

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

Yes No

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


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



X