Home / Knowledge / News / Apparel/Garments / AEPC Chairman expects apparel exports to grow 15-16%
AEPC Chairman expects apparel exports to grow 15-16%
12
Aug '13
Dr. A Sakthivel, Chairman AEPC, has expressed optimism on the growth of exports. Exports for the Month of July 2013 have grown by 11.64 % compared to the same period last year.

Chairman AEPC has welcomed the growth in the RMG and Textiles for the month of July 2013. In his statement issued Dr. Sakthivel stated that, “The market is US is gaining strength but EU is still under economic stress.

Though, we have registered a growth of around 16% in the RMG in US and EU markets. Our exports diversification in the non-traditional markets and sustained government help has also helped to boost exports”. At the end of the current financial year as per the estimates we are expecting a growth of around 15 to 16 % if the other factors keep supporting the current rate of export growth,” he added.

Chairman AEPC further said, “We can be still better, Garment Exports should be given separate chapter for interest rates in export sector. The availability of credit at softer rates is a critical component.  The pre and post shipment credit rates are hovering around 10% which is very high when compared to interest rates available to our competitors. The industry appeals to Government for reintroduction of the separate rates of fixed 7.5 % for the labour intensive sectors of clothing and textiles.

Commerce Secretary has briefed media on the trade data. Exports during June, 2013 were valued at US $ 23785.64 million (Rs. 138901.73 crore) which was 4.56 per cent lower in Dollar terms (0.53 per cent lower in Rupee terms) than the level of US $ 24923.11 million (Rs. 139644.68 crore) during June, 2012.

Cumulative value of exports for the period April-June 2013 -14 was US $ 72455.67  million (Rs. 405104.78 crore) as against US $ 73491.77 million (Rs. 397884.01 crore) registering a negative growth of 1.41 per cent in Dollar terms and growth of 1.81 per cent in Rupee terms over the same period last year.

Imports during June, 2013 were valued at US $ 36034.74 million (Rs.210433.14 crore) representing a negative growth of 0.37 per cent in Dollar terms and growth of 3.84 per cent in Rupee terms  over the level of imports valued at US $ 36167.56 million (Rs. 202647.54 crore) in June, 2012.

Cumulative value of imports for the period April-June, 2013-14 was US $ 122635.73 million (Rs. 684167.73 crore) as against US $ 115708.50 million (Rs. 625872.80 crore) registering a growth of 5.99 per cent in Dollar terms and growth of 9.31 per cent in Rupee terms over the same period last year, he said.

Apparel Export Promotion Council


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Jan 2021

US detains cotton products from China's XUAR from Jan 13

US Customs and Border Protection (CBP) recently announced it will...

Pic: Christopher & Banks Corporation

Retail | On 15th Jan 2021

CBKC in US voluntarily files for bankruptcy protection

US specialty women's apparel retailer Christopher & Banks Corporation ...

Pic: Shutterstock

Textiles | On 15th Jan 2021

Hanoi to allocate more than $41 million to support SMEs

Hanoi will allocate VND957 billion (more than $41 million) to assist...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

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


January 2021

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


Advanced Search