Home / Knowledge / News / Apparel/Garments / AEPC sets $15 billion export target for 2010-11
AEPC sets $15 billion export target for 2010-11
18
May '10
The AEPC – Apparel Export Promotion Council has said the export target of $15 billion is ambitious but achievable. In a presentation before textile secretary Rita Menon, AEPC's secretary general Vimal Kirti Singh said the figure is in line with post-quota projections and plan targets.

"If price competitiveness can be attained, India can become the second most preferred sourcing destination," he said. Nearly 90 per cent of the apparel industry comprises of micro, small and medium enterprises with flexibility to increase their exports by 50 per cent in a short span.

If recession-driven underutilization of capacity can be reversed, about 50 per cent growth possible, said Mr Singh. In 2009-10, the country exported garments worth $ 9.7 billion.

Additional $5 billion of exports will require production of 1.65 billion additional shirts, incremental fabric consumption of 2.85 billion meters, 450 million to 500 million kg of yarn, 425 billion meters of sewing thread, $ 400 million of accessories like buttons, tags and labels, and additional 375,000 containers of shipping space.

This will create an additional employment of five million people through the value chain, said Mr Singh. Faster implementation of free trade agreements with the European Union and other countries will lead to additional apparel exports of $ 1.3 billion.

He called for favorable currency management for exporters, availability of raw material (cotton yarn and fabrics) at reasonable prices. Mr Singh also called for calibrated exports of fabrics and yarn after the country's requirements are met. Duty drawback rates should be increased to 15 per cent by including state taxes.

AEPC – Apparel Export Promotion Council


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

news category


Related Categories:
July 2017

July 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