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25% drop in winter season garment export orders
27 Nov '08
6 min read
Nearly 78 per cent of garments exported from India are cotton-based. The AEPC chairman called for 14.65 per cent duty drawback rate for readymade garments from September 1. Almost 80 per cent of inputs required for the Indian apparel industry are sourced domestically compared to 50 per cent in China.
"The behaviour of rupee-dollar exchange rates has been erratic and brought an element of uncertainty," said Mr Vaid. "A stable rate is necessary for international trade."
The AEPC represents over 8,000 small, medium and large exporters in India. Apparel exports contribute four per cent to the gross domestic product (GDP) and 16 per cent to the country's total exports. India ranks as the fifth largest exporter of readymade garments globally.
"The behaviour of rupee-dollar exchange rates has been erratic and brought an element of uncertainty," said Mr Vaid. "A stable rate is necessary for international trade."
The AEPC represents over 8,000 small, medium and large exporters in India. Apparel exports contribute four per cent to the gross domestic product (GDP) and 16 per cent to the country's total exports. India ranks as the fifth largest exporter of readymade garments globally.
Apparel Export Promotion Council
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