Chairman AEPC said, “I welcome the positive growth of exports in the readymade garment sector for the April 2013. The RMG exports grew by 8.6% in the April 2013; as compared to the last financial year on month to month basis. April 2013 RMG exports are now 1150 million compared to the last year which was 1059 million.”
Chairman AEPC stated that, “This is a good sign the fruits of revival in the US economy and efforts made in the non traditional markets are paying well. Exports have now started responding positively to the Government interventions and market cues.
“The spur in the demand can be leveraged, if RBI further reduce the credit and ease out the tight liquidity conditions. Government must consider providing separate chapter for exports in the banking sector for easy and soft credit availability. The interest rates to garment sector in our competing countries is 6% to 7% and even with the 2% interest subvention in our country, the effective rate of interest in India is between 9.5% to 10%.
Chairman AEPC further observes, “This job critical sector of has to be taken care. This will lead to the churning of manufacturing activity and boost exports. With the backdrop of lower inflation, gold and crude prices there are enough room to maneuver.
Exports during April, 2013 were valued at US $ 24164.37 million (Rs. 131395.43 crore) which was 1.68 per cent higher in Dollar terms (6.71 per cent higher in Rupee terms) than the level of US $ 23766.14 million (Rs. 123137.36 crore) during April, 2012.
Imports during April, 2013 were valued at US $ 41951.73 million (Rs.228115.45 crore) representing a growth of 10.96 per cent in Dollar terms and 16.45 per cent in Rupee terms over the level of imports valued at US $ 37807.42 million ( Rs. 195888.18 crore) in April, 2012, Commerce Secretary informed.
Apparel Export Promotion Council
Apparel/Garments | On 26th Jun 2017
E-commerce operators and TDS (tax deducted at source) deductors can...
Textiles | On 26th Jun 2017
The Tiruppur Exporters' Association (TEA) has again urged Union...
Textiles | On 26th Jun 2017
The export promotion schemes will continue under GST regime, said...
‘France had a reputation of being big in new ideas, but poor in marketing...
Fashion industry likely to remain labour-intensive in coming years
‘Buying crowdsourced or creative designs are much more appealing to the...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
The Indian market has huge potential in technical textiles, and by far,...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Aditi Somani specialises in luxury fusion wear with international cuts and ...
"We should not compare India and the West. There are things we do that...