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

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Smita Murarka
Amanté

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

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
February 2017

February 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