Home / Knowledge / News / Apparel/Garments / India's apparel exports can grow three-fold by 2016
India's apparel exports can grow three-fold by 2016
07
Jan '13
Mr. Shaktivel
Mr. Shaktivel
India’s apparel sector can post a three-fold export growth over the next three years if the Central Government permits it to use 15 percent of the export proceeds to import raw inputs like synthetic and polyester fabrics, which they do not get within the country, Apparel Export Promotion Council (AEPC) has said.
 
The export body leaders would soon hold a meeting with the Textiles Ministry in this regard, AEPC Chairman A Shaktivel said during a media briefing on the sidelines of a meeting with leading textile and allied associations, called by AEPC.
 
Mr. Shaktivel said it was not easy to import raw inputs in lines with the Advance Linked scheme as small exporters would not be able to afford the same.
 
Noting that presently the industry avails 5.33 percent duty drawback on fabrics and 3.3 percent on yarn, the AEPC chief said that if adequate availability of polyester yarn and fabrics is ensured, the industry has the potential to exploit the winter wear market, which does not contribute majorly to India’s garment exports at present.
 
Mr. Shaktivel said if the Government accepts their request, it could stimulate a three-fold rise in India’s garment exports from the present US$ 14 billion.
 
He added that 2013 is going to be a promising year for India’s clothing exports, as can be witnessed from an increase in number of orders for apparel and knitwear garments over the past two months.
 
He said it would mark the revival of growth of India’s apparel exports, after three year of crisis-phase.
 
Mr. Shaktivel, who also presides as President of Tirupur Exporters’ Association (TEA), said, the Rs. 135 billion worth Tirupur apparel sector will also get a boost if the Centre accepts their proposal.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

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

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search