Home / Knowledge / News / Apparel/Garments / Indian apparel exports surge 19% in July
Indian apparel exports surge 19% in July
04
Sep '13
Dr A Sakthivel, Chairman AEPC releasing the garment exports data for the month of July 2013 stated that, “Apparel exports were to the tune of USD 1279 million in July 2013-14 with increase of 19 per cent against the corresponding month of last financial year. In rupee terms, the exports have increased by 28 per cent in July 2013-14 over the same month of previous FY.”

Export in dollar terms for April-July of the FY 2013-14 has increased by 13 per cent over the same period of previous FY and reached to USD 4841 million however, in rupee terms exports increased by 18 per cent compared to same period of last FY. In April-July 2013-14 in rupee terms apparel export of India was to the tune of Rs. 27538 crore compared to Rs. 23300 crore in April-July 2012-13, he added.

Chairman AEPC congratulated garment exporters for showing good performance amidst this tight and fast changing economic landscape. Apparel exports have registered consecutive growth of almost 11 percent since the last four months. I appreciate all help provided by the Government to this employment generating sector.

In the FY 2012-13 exports in dollar terms declined by 6 per cent from previous FY and totaled USD 12923 million in April-March 2012-13.

Commenting on the US market Dr. Sakthivel said, “Apparel imports of the United States witnessed increase of 3.7 per cent in the Jan-May of 2013 from the previous year and amounted to 30.6 billion dollars. In the Jan-May 2013, US imports of apparel from India declined by -.1 % per cent and reached to USD 1499 million against USD 1500 million in Jan-May 2012. US imports saw increase from all major suppliers in Jan-May 2013 over the corresponding period of last year except for Mexico and India. In Jan-May 2013 India was at 6th position. India exported US$ 285 million apparel in May 2013 with increase of 3.3 % over the same month of previous year.”

On the EU market Chairman AEPC informed that, “EU’s apparel import accounted for USD 32.8 billion for the Jan.-May 2013 with a decline of -.6 per cent over the previous year. India’s export to EU for the Jan-May 2013 amounted to USD 2.5 billion with a decline of -1.1 per cent compared to same period of previous year.”

Chairman AEPC further said that to keep this rate of growth for garment sector, RBI must announce separate chapter for exports in the banking sector. I thank the officials of Commerce & Finance Ministry for taking up the matter and now the ball is in RBI court, I am hopeful they will announce this soon; looking into the fact that most of the exports are SME and this sector is job critical.

Therefore, it is requested that RMG export sector, which is the largest employment generator after agriculture, should be considered under priority sector lending. With this, the bank’s commitment to RMG sector lending would be prescribed for ensuring adequate flow of credit to RMG export sector. It is also requested that a flat rate of 7.5%, as priority sector export credit to RMG export sector may be prescribed as pre-shipment and post shipment export credit.

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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