Home / Knowledge / News / Apparel/Garments / AEPC targets to achieve $30bn garment exports in 3 years
AEPC targets to achieve $30bn garment exports in 3 years
25
Feb '13
The Apparel Export Promotion Council (AEPC) has rolled out an ambitious plan to increase India’s apparel exports to US$ 30 billion in three years, AEPC chairman Dr. A Sakthivel has said.
 
Speaking at a function to present awards for excellence in apparel exports, Mr. Sakthivel said AEPC’s mission and the Government’s vision is to double India’s clothing exports in a short span.
 
He said AEPC has suggested the Government to ease the import of such speciality fabrics that are not widely available in India.
 
AEPC has submitted a proposal to the Ministry of Textiles for reducing the custom duty to a flat rate of 5 percent on selected speciality man-made fibre and cotton fabrics for re-export purpose on a trial basis, Mr. Sakthivel said.
 
The proposal has been framed after discussing with other Export Promotion Councils and has also been discussed with the Cabinet Secretary, the Commerce Secretary, the Textiles Secretary and the Directorate General of Foreign Trade (DGFT), he added.
 
As it may take some time for the Government to accept the proposal and implement it, the AEPC chairman suggested the issuance of five percent duty credit scrip for offsetting duty on import of such fabric on actual user basis and on non-transferable basis, to boost garment exports in short time.
 
He requested the Textiles Minister to extend the export benefits announced in the year 2012-13 in Foreign Trade Policy for fiscal year 2013-14, since market conditions have not improved.
 
Further, the early finalization of a free trade agreement (FTA) between India and the EU would also bring new opportunities for increasing apparel exports from India, Mr. Sakthivel said.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search