Home / Knowledge / News / Apparel/Garments / India's apparel exports to touch US$ 17bn in FY'14: AEPC
India's apparel exports to touch US$ 17bn in FY'14: AEPC
Oct '13
The garment industry of India is expected to achieve the target of US$ 17 billion in exports for the current fiscal year as the outbound shipments of apparel have already touched US$ 5 billion during the first four months of 2013-14, according to the Apparel Export Promotion Council (AEPC).
At the 34th Annual General Meeting (AGM) of the council, Mr. A Sakthivel, chairman of AEPC, said the Government has fixed a target of US$ 17 billion for garment exports, and if the same momentum of growth in exports is continued and major recommendations of AEPC are met by the Government, the target is quite possible to achieve.
Mr. Sakthivel said that the growth in apparel exports is attributed to the recovery of the US economy, which is the country’s second largest export destination, in addition to the increasing demands from emerging markets such as Latin America and Africa, he added.
The AEPC chairman said apparel exports have picked up really fast during the first four months of the current fiscal as compared to the last fiscal.
During April to July 2013-14, apparel exports have increased by 13 percent year-on-year to US$ 5 billion, he added. 
Further, the AEPC chairman said that despite the decline in the share of traditional market in India's total apparel exports to world in 2012-13, the share of non-traditional markets during the last fiscal has increased to from 30 percent to 34 percent.
According to AEPC, 66 percent of India’s total exports are destined for countries in the European Union and the US.
During the meeting, the AEPC also conducted a discussion for enhancing the country’s apparel exports, where representatives of the body suggested various proposals, including import of synthetic fabrics at a lower duty of 5 percent during the 12th Five-Year Plan from the existing 21 percent, and a separate proposal for getting export credit at the fixed rate of 7.5 percent as done in the past.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Paolo Ocleppo
Sandvik Hyperion

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

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search