Chairman AEPC said, “I welcome the positive growth of exports in the readymade garment sector for the April 2013. The RMG exports grew by 8.6% in the April 2013; as compared to the last financial year on month to month basis. April 2013 RMG exports are now 1150 million compared to the last year which was 1059 million.”
Chairman AEPC stated that, “This is a good sign the fruits of revival in the US economy and efforts made in the non traditional markets are paying well. Exports have now started responding positively to the Government interventions and market cues.
“The spur in the demand can be leveraged, if RBI further reduce the credit and ease out the tight liquidity conditions. Government must consider providing separate chapter for exports in the banking sector for easy and soft credit availability. The interest rates to garment sector in our competing countries is 6% to 7% and even with the 2% interest subvention in our country, the effective rate of interest in India is between 9.5% to 10%.
Chairman AEPC further observes, “This job critical sector of has to be taken care. This will lead to the churning of manufacturing activity and boost exports. With the backdrop of lower inflation, gold and crude prices there are enough room to maneuver.
Exports during April, 2013 were valued at US $ 24164.37 million (Rs. 131395.43 crore) which was 1.68 per cent higher in Dollar terms (6.71 per cent higher in Rupee terms) than the level of US $ 23766.14 million (Rs. 123137.36 crore) during April, 2012.
Imports during April, 2013 were valued at US $ 41951.73 million (Rs.228115.45 crore) representing a growth of 10.96 per cent in Dollar terms and 16.45 per cent in Rupee terms over the level of imports valued at US $ 37807.42 million ( Rs. 195888.18 crore) in April, 2012, Commerce Secretary informed.
Apparel Export Promotion Council
Textiles | On 26th Feb 2021
As part of the International Trade Centre’s (ITC) intensive training...
Retail | On 26th Feb 2021
The lockdown has boosted UK athleisure sales, while a lack of social...
E-commerce | On 26th Feb 2021
A paradigm shift towards digitisation was already under way before...
Sanjay Yagnik Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Textile Industry Head honchos
Indian apparel industry looks poised for slow death
Manuj Terapanthi Texaura
Transparent supply chain and fair trade will boost sustainable market
Liz Manning
<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...
Priyanka Salot
The Sleep Company was established to upgrade the sleep quality of every...
Erik Sy
Manila-based CustomThread is a start-up offering premium custom apparel...
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...
Asif Rahman MIP
MIP is a manufacturer and distributor of high-performance textiles and...
Sneha Arora Label Sneha Arora
Sneha Arora, an alumnus of National Institute of Fashion Technology,...
Akta Adani India Boulevard
India Boulevard is a San Francisco-based curated fashion marketplace that...
Adriano Goldschmied AG Jeans
The hype around 'designer jeans' was created by him. And the new wave of...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.