Home / Knowledge / News / Apparel/Garments / Indian govt vouches support to apparel exporters
Indian govt vouches support to apparel exporters
20
May '13
Vouching support to the domestic apparel industry to boost their exports, the Government of India has said that issues like that of credit availability and skill development would soon be addressed.
 
The issues were raised during an inter-ministerial workshop held with Cabinet Secretary Ajit Kumar Seth in the Chair, Economic Times reported quoting PTI.
 
Updating the Cabinet Secretary regarding their issues during the meeting, the apparel exporters highlighted several issues like high rate of interest, dearth of skilled workers, high cost of raw materials, heavy customs duty on synthetic fabric and stringent labour laws, which according to them are a hindrance to the industry’s growth.
 
Mr. Seth assured that the Government is determined to help the export sector, including the garment export sector, and it would do all that is necessary.
 
He gave an assurance that the Government will address issues like skill development, improving operations of scale and developing consensus on amendments in labour laws and import duties.
 
Hit by sluggish demand from key western markets, apparel exports from India fell by about 6 percent year-on-year to US$ 12.9 billion during last fiscal.
 
The EU and the US, the key traditional export markets for Indian apparels, jointly procure around 60 percent of India’s overall apparel exports.
 
Given the low demand from key markets, India’s domestic apparel sector has been pushing for fixing the import duty on synthetic fabric for the entire 12th Five-Year plan at 5 percent against the existing 21 percent.
 
Commenting on the cost of credit, the Apparel Export Promotion Council (AEPC) Chairman A Sakthivel noted that it is too high at 12.5 percent, and hence there is a dire need to reduce this rate and fix it at 7.5 percent for the sector.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Sep 2020

Philippine garment sector may be hit by EU GSP+ withdrawal

The potential loss of tariff advantages offered by the European Union ...

Pic: Shutterstock

E-commerce | On 28th Sep 2020

Global e-com sales 7% higher post 66% May pandemic spike

Following a 66 per cent spike in daily online sales in May, when most ...

Pic: Shutterstock

Retail | On 28th Sep 2020

'Many failings' in Boohoo’s Leicester supply chain: review

An independent review launched by Boohoo in July has “has identified...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


September 2020

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


Advanced Search