Home / Knowledge / News / Apparel/Garments / India's apparel exports soar 25% in May'14 - AEPC
India's apparel exports soar 25% in May'14 - AEPC
12
Jun '14
Mr. Virender Uppal, Chairman AEPC, has expressed his happiness over the impressive growth registered by the garment export industry, for the month of May 2014 and congratulated the efforts made by fellow exporters of apparels from India. 
 
Mr. Uppal in his statement has stated that, “Apparel exports were to the tune of USD 1.49 billion May 2014-15, with increase of almost 25 per cent vis-à-vis the corresponding month of last financial year. India’s RMG export to world for cumulative months i.e. April-May 2014-15 has posted impressive 20% growth with USD 2.81 billion, compared to the same period of previous financial year. During the period April-May 2013-14, India’s apparel exports were to the tune of USD 2.35 billion.”
 
AEPC Chairman, Mr. Uppal, commented that, “This impressive growth of 25% is a clear cut indication that Indian industry is poised to emerge as one of the top sourcing destination, with high on ethical agenda and ensuring best compliant standards destinations in the world. The global developments in China and Bangladesh as competing countries have also given the thrust to our exports like; vacation  of export market space due to serious labour problem by China (moving To Cosmetics, engineering) and Myanmar and Bangladesh are facing the problem of non- compliance for the large number of factories, etc. 
 
“However, the garment exporters are putting in their best efforts and itching to do much more. Exporters are constantly leveraging the existing strengths in terms of raw material, compliant factories but, the availability of specialty fibre as a raw material is a key constraint to even out the seasonality character of the trade, which is the need of the hour. The government must now allow the request made by apparel export industry for 5% duty scrip at least in case of speciality segment so that we could work to our potential.
 
“Simplification of labour laws, the availability of soft credit for the industry at a fixed rate of 7%, may further strengthen exports. He also said that the vision of the Hon’ble Prime Minister –“Skill, Scale and Speed” finds a lot of synergy in Apparel Export Promotion Council, which is already doing a lot of work in training the manpower, employing them in large numbers in apparel factories and geared to speed up, provided it receives little support from government in policy initiatives and tax reforms”.
 
Mr. Uppal, further observed that, “While the sluggish condition still prevails in US and EU we have consciously tuned in our efforts to look for newer and non-traditional destinations, like Latin- America, West- Asia, Southern- Africa and East- Asia- diversifying our product and market base.

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search