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 3rd May 2016

‘TFA for faster clearances of trade process’

Commerce and Industry Minister Nirmala Sitharaman has said that Trade ...

Textiles | On 3rd May 2016

FCIPT announces technology to make clothes stain proof

There is finally help for housewives, working women and even men...

Textiles | On 3rd May 2016

China’s cotton reserve sales begin May 3

China’s cotton reserve sales which begins tomorrow, are likely to...

Interviews View All

Serkan Gogus
Mogul Tekstil, Ltd.

Can you give a brief account of the market for different types of...

Masaki Karasuno
Shima Seiki Mfg Ltd

How do you look at the prospects of Chinese textile industry in the coming ...

Bhavin Parikh
Vivaa Tradecom Pvt. Ltd.

Denim prices are expected to rise in the year 2014 in Indian denim sector. ...

Drew Walker
AGY Holding

<i><b>Drew Walker, </b>CEO of AGY says “our main competition in China is...

Mohammad Hassan
Biax Fiberfilm

<b><i>About one in every 20 patients picks up an infection while...

Mr SS Iyer
Zenith Fibres Ltd

Mr SS Iyer, currently President of Zenith Fibres Ltd, graduated in...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search