Nov Indian garment exports post 21.29% growth

"The growth of RMG for the month of November 2013 is 21.29% registering to the tune of 1051 million US $; the cumulative growth of 16.15% for April- November 2013.”

Our constant endeavor to work on the technology up gradation, skilling, innovation in terms of product and design along with the stringent compliance practices has yielded this kind of growth. We have organized 24 shows across the world this year and response from buyers is fantastic. We have to leverage our strengths of raw material and design to grab the space left open by China, he added.

Chairman AEPC further said, “We would like to thank government supportive policies and direction from time to time. We can do much better if government accepts our demand of separate chapter for pre/post packing credit rate of 7.5%. RBI should consider this its next policy which is due this month and provide 5% scrip on the import of specialty fiber not available in India.”

“As 80% of the garment export sector is SME and has huge potential for employment. Planning commission has also in its 12th plan has indicated that textiles sector can be hub to boost manufacturing in India. We have to work to bring it to reality”, he added.

Apparel Export Promotion Council