>>
Home / Knowledge / News / Apparel/Garments / Govt measures to stimulate economy inadequate: AEPC Chairman

Govt measures to stimulate economy inadequate: AEPC Chairman

03
Jan '09
Shri Rakesh Vaid - AEPC Chairman
The Apparel Export Promotion Council (AEPC) said that it is extremely disappointed by recent government's measures for stimulating the economy.

"The government has done nothing to help the 10 billion dollar apparel export sector which employs nearly 3.9 million workers," said AEPC chairman Rakesh Vaid.

Lakhs of workers have lost work due to global economic recession and consequent falling sales in the United States and the European Union.

"We are in consultation with officials and hope the government will come up with concrete measures soon to revive the textile and readymade garments industry," said Mr Vaid.

Apparel exports from India are likely to fall 24 per cent short of the 11.62 billion dollar target for current fiscal year (2008-09) and may total up to 8.78 billion dollars.

In 07-08, the country exported garments worth 9.69 billion dollars, nine per cent more than in previous year.

Apparel Export Promotion Council


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

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

ESTEEMED CLIENTS

Tory Burch Hong Kong Ltd
Gloria Jeans
C;&A Sourcing International Ltd
Tommy Hilfiger
John Varvatos
Chico’ FAS
Splash
Permoda(Koaj/Armi/Pronto/Bkul)
Cat Tuong Real Estate Group Joint Stock Company
Calvin Klein
Page Industries Limited (Bangalore)
Desigual - ABASIC, S.A.
Alix Partners
Gap International Sourcing Limited
Seasalt Limited
International Textile Manufacturers Federation
Puma
TESCO INTERNATIONAL SOURCING LIMITED

January 2022

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


Advanced Search