Home / Knowledge / News / Apparel/Garments / Exports to stabilise by April – Chairman, AEPC
Exports to stabilise by April – Chairman, AEPC
22
Jan '10
Mr Premal Udani
Mr Premal Udani
Minister of State for Commerce, Jyotiraditya Scindia while addressing the press at the inaugural function of the 'India International Garment Fair', told that while anticipating the fall in overall exports by 8 percent to $165-170 billion in current financial year, the government should extend support to the exporters for an extended period.

The minister expressed a hope that India's merchandise exports will linger in the range of $165-170 billion in spite of the fact that, importers in the West are struggling to keep up in times of recession.

The optimism was backed by the revised data released by the government revealing that the aggregated exports in the previous fiscal 2008-09 was $185 billion, making it possible to achieve the target of $200 billion in forthcoming two fiscals.

He also informed regarding the turnaround in gems and jewellery and other sectors. A stimulus package which included extra duty refunds and interest subsidy was given to the exporters, to help them face the impact of the slowdown in developed economies.

Garment sector had witnessed a downturn since October 2008 and a decline for 13 consecutive months. During April–November, the sector recorded a decline of around 7 percent to $6.16 billion. Exports once again bounced back positively November onwards, when it grew by 18.2 percent and 14 percent in December.

Premal Udani, Chairman of Apparel Export Promotion Council, said that there has been a hike in garment exports. He also said that, the domestic exports are expected to stabilize by April owing to the improvement of American and European markets which jointly account for 70 percent of India's garment exports.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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 2017

April 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