Home / Knowledge / News / Apparel/Garments / Indian garment exports rise 8.06% in May 2017
Indian garment exports rise 8.06% in May 2017
21
Jun '17
India's apparel export registered a positive growth of 8.06 per cent in May 2017, compared to the corresponding period last year. Garment export increased to $1,605.37 million in May this year, as against $1,485.67 million last year. In rupee terms, export for May 2017 was Rs 10,342.55 crore as against Rs 9,940.10 crore in May 2016, growing at 4.05 per cent.

According to a recent survey done by the Apparel Export Promotion Council (AEPC) in 8 states where there is significant apparel production, 85 per cent of apparel exporters admitted that they substantially benefited by Rebate of State Levies (ROSL) in their export performance. Close to 65 per cent exporters rated the impact of ROSL as high or game changing.

"The decline in growth is attributed to two reasons. Though the exporters are happy with the new rates announced by the GoI under GST, they need to ensure compliance with GST for input credit for the already existing stock on June 30 which has lead to curtailment in production. Secondly, there is uncertainty about the continuation of, which was appreciated and used by SMEs in large numbers, ROSL to boost exports, and is another reason for declining of exports," said Ashok G Rajani, chairman AEPC.

AEPC had also sought continuation of the ROSL on Export of Garments’ scheme in its current form under GST, as the apparel sector has been registering double digit growth after the commencement of disbursement of ROSL. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 14th Apr 2021

Sri Lanka to ban fabric imports

Sri Lanka is all set to ban the import of textile fabrics in a bid to ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 14th Apr 2021

Bangladesh apparel exports dip 2.55% in July-March FY21

Readymade garment exports from Bangladesh declined by 2.55 per cent...

Pic: Shutterstock

Textiles | On 14th Apr 2021

US proposal for global minimum corporate tax finds takers in Europe

The idea of a global minimum corporate tax floated by the US has...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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

Leave your Comments


April 2021

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


Advanced Search