India’s cotton based textile exports plunges in 2015-16

Related Keywords: AEPC, cheaper Chinese varieties, cotton fabrics declined more than four percent, dropped by two percent, Export of cotton based readymade goods, fall in merchandise export, hampered production of cotton goods, heavy duties on import, high price of domestic cotton, highest foreign exchange earners among textile products

Mumbai
India’s cotton based textile exports plunges in 2015-16
Summary: 
Export of cotton-based readymade goods, among the highest foreign exchange earners among textile products, dropped by two percent in 2015-16, from $37.1 billion in 2014-15 to $36.2 billion; while cotton fabrics declined a little more than four percent. This was part of the larger trend of a fall in merchandise export, down for a 17th continuous month in April.

Export of cotton-based readymade goods, among the highest foreign exchange earners among textile products, dropped by two percent in 2015-16, from $37.1 billion in 2014-15 to $36.2 billion; while cotton fabrics declined a little more than four percent. This was part of the larger trend of a fall in merchandise export, down for a 17th continuous month in April.

Apparel Export Promotion Council head Ashok G Rajani said that the high price of domestic cotton, coupled with heavy duties on import of cheaper Chinese varieties, have hampered production of cotton goods.

http://www.business-standard.com/article/markets/textile-exports-dipped-in-2015-16-116060900873_1.html
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AEPC urge textile ministry to simplify new FTP rules

Related Keywords: AEPC, authorization, change key operational mechanisms, duty exemption schemes, earn duty credits, export process, exported goods, Garment Exporters, inspection and classification norms, MEIS, proof to claim benefits, simplify new foreign trade policy, textiles ministry, withdraw need for landing certificate

New Delhi
AEPC urge textile ministry to simplify new FTP rules
Summary: 
The Apparel Export Promotion Council (AEPC) has urged the textiles ministry to simplify the new foreign trade policy’s authorization, inspection and classification norms. Among their requests is to withdraw the need for a landing certificate for exported goods, required as proof to claim benefits under the Merchandise Exports from India Scheme (MEIS). Introduced in April 2015, the scheme aims to boost sagging exports, covering tariff lines for 5,012 items that earn duty credits.

The Apparel Export Promotion Council (AEPC) has urged the textiles ministry to simplify the new foreign trade policy’s authorization, inspection and classification norms. Among their requests is to withdraw the need for a landing certificate for exported goods, required as proof to claim benefits under the Merchandise Exports from India Scheme (MEIS). Introduced in April 2015, the scheme aims to boost sagging exports, covering tariff lines for 5,012 items that earn duty credits.

http://www.business-standard.com/article/economy-policy/garment-exporters-for-rule-changes-116012300271_1.html
0

India’s garment export to miss its target of $18.73 bn for current fiscal

Related Keywords: AEPC, BTIA, compared to set target, current fiscal, economic slowdown, Indian apparel exports, just cross $seventeen billion, key markets, out bound shipment, over ninety percent, remained lower than expected

New Delhi
India’s garment export to miss its target of $18.73 bn for current fiscal
Summary: 
India’s apparel exports may just about cross $17 billion in 2015-16, just over 90 percent of its garement export target in the current fiscal compared with the target of $18.73 billion for the fiscal, despite the sector putting up a better show than textiles and mancy other merchandise segemtns, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, sources said on Wednesday.

India’s apparel exports may just about cross $17 billion in 2015-16, just over 90 percent of its garement export target in the current fiscal compared with the target of $18.73 billion for the fiscal, despite the sector putting up a better show than textiles and mancy other merchandise segemtns, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, sources said on Wednesday.

http://www.financialexpress.com/article/markets/commodities/india-likely-to-miss-its-garment-export-target-for-current-fiscal/199310/
0

New textile policy aimed to boost export to be announced within few months

Related Keywords: AEPC, aimed to create millions of job, boost exports, December, garment exports posted five percent growth, IIGF, IIGF attracted buyers across the globe, inauguration of International Garment Fair, Minister of state for textiles, new textile draft policy, placed before Union Cabinet in a months time, ready and discussions on, Santosh Gangwar

New Delhi
New textile policy aimed to boost export to be announced within few months
Summary: 
The Minister of State for Textiles (independent charge), Santosh Gangwar, after inaugurating the India International Garment Fair (IIGF) organized by the Apparel Export Promotion Council on Wednesday said that the draft policy of the long awaited new textile policy is ready and discussions are on. They hope to place it before the Union Cabinet in a month’s time.

The Minister of State for Textiles (independent charge), Santosh Gangwar, after inaugurating the India International Garment Fair (IIGF) organized by the Apparel Export Promotion Council on Wednesday said that the draft policy of the long awaited new textile policy is ready and discussions are on. They hope to place it before the Union Cabinet in a month’s time.

0

MP textile mills hit hard by high cost of production, drop in exports

Related Keywords: AEPC, composite mills, drop in exports, due to higher cotton prices, facing high rise in cost of production, from top buyer China, labour wages, Madhya Pradesh textile mills, Madhya Pradesh Textile Mills Association, making uncompetitive in global market, power tariff, sluggish European economy, spinning mills, squeezing margins

Indore
MP textile mills hit hard by high cost of production, drop in exports
Summary: 
Madhya Pradesh has about 45 textile mills of which 35 are spinning mills and 10 are composite mills are facing high rise in cost of production by about 10-15 percent due to higher cotton prices, power tariff and labour wages followed by drop in exports due to subdued demand from the top buyer China and sluggish European economy, all this squeezing margins of textile mills and making them uncompetitive in the global market.

Madhya Pradesh has about 45 textile mills of which 35 are spinning mills and 10 are composite mills are facing high rise in cost of production by about 10-15 percent due to higher cotton prices, power tariff and labour wages followed by drop in exports due to subdued demand from the top buyer China and sluggish European economy, all this squeezing margins of textile mills and making them uncompetitive in the global market.

http://timesofindia.indiatimes.com/city/indore/Madhya-Pradesh-textile-mills-battling-high-cost-of-business-lower-exports/articleshow/50448719.cms
0

Apparel sector skill council has been affiliated with ATDC

Related Keywords: AEPC, affiliated with ATDC, apparel, apparel training and design centre, Apparel value chain, home furnishing, Made ups, Ministry of Textiles, NSDC, skill council

New Delhi
Apparel sector skill council has been affiliated with ATDC
Summary: 
Apparel, Made-Ups & Home Furnishing Sector Skill Council has got affiliated with the biggest institute of Apparel Trainings i.e. the Apparel Training and Design Centre, which has more than 170 centers across India and churns out more than 50000 students a year.

Apparel, Made-Ups & Home Furnishing Sector Skill Council has got affiliated with the biggest institute of Apparel Trainings i.e. the Apparel Training and Design Centre, which has more than 170 centers across India and churns out more than 50000 students a year.

The mandate given to the Council includes creation of National Occupational Standards, Affiliating Training Providers in Apparel Trainings and assessing and certifying the trainees of such Institutes/Training Providers.

http://www.smetimes.in/smetimes/news/industry/2015/Jan/06/apparel-sector-skill-council-affiliates-to-atdc.html
0

Organic certification made mandatory for finished textile products

Related Keywords: AEPC, buyers, certification procedures, Cotton Textiles Export Promotion Council, fabrics, finished textile products, garments organic certification, Global Organic Textile Standard, made-ups, mandatory, NPOP, raw cotton export, Textile exporters, yarn

Mumbai
Organic certification made mandatory for finished textile products
Summary: 
Raw cotton export already required certification under the National Programme for Organic Production (NPOP). It is now required of any finished textile product exported as an organic one such as yarn, fabrics, made-ups and garments as the government has made it mandatory.

Raw cotton export already required certification under the National Programme for Organic Production (NPOP). It is now required of any finished textile product exported as an organic one such as yarn, fabrics, made-ups and garments as the government has made it mandatory.

R K Dalmia, Chairman, The Cotton Textiles Export Promotion Council said that national standard for organic cotton is a welcome move but the manner in which it is being implemented will create havoc in the organic textile industry and lead to loss of export business.

http://www.business-standard.com/article/companies/finished-textile-products-now-under-organic-certification-114121600850_1.html
0

Indian textile industry anticipate close to 10% growth in apparel exports to the US

Related Keywords: AEPC, Bangladesh, China, Clothing Manufacturers' Association of India, Indian apparel exports, off-loading export order, OTEXA, US market

New Delhi
Indian textile industry anticipate close to 10% growth
Summary: 
Indian apparel exports to the US has witnessed rise by 7.5% at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA).

Indian apparel exports to the US has witnessed rise by 7.5% at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA).

http://www.business-standard.com/article/economy-policy/india-pips-china-bangladesh-in-apparel-exports-growth-to-us-for-jan-sept-2014-114110600857_1.html
0

Indian apparel exports registered 17.6 pc growth in Apr-Sept

Related Keywords: AEPC, entire value chain, garment industry, India apparel exports, India Market Days, MAI scheme, Make in India, new foreign trade policy, Textile and Clothing industry

New Delhi
Indian apparel exports registered 17.6 pc growth in Apr-Sept
Summary: 
Apparel Export Promotion Council (AEPC) informed Tuesday that garment exports are on the sustained path of growth with apparel exports from India having registered 17.6 percent growth in April-September 2014.

Apparel Export Promotion Council (AEPC) informed Tuesday that garment exports are on the sustained path of growth with apparel exports from India having registered 17.6 percent growth in April-September 2014.

http://www.smetimes.in/smetimes/news/top-stories/2014/Oct/28/apparel-exports-registers-growth-of-17.6-pc-in-apr-sept631652.html
0

Industrialists clamor for speeding up process to set up Apparel Park in Agra

Related Keywords: AEPC, Agra apparel manufacturing industry, Agra Development Foundation, Agra industralist, apparel manufacturing park, apparel training and design centre, hand embroidery, population of artisans, Santosh Gangwar, Textile Minister, zardozi

Agra
Industrialists clamor for speeding up process to set up Apparel Park in Agra
Summary: 
Textile Minister, Santosh Gangwar during his Agra visit recently had announced that an apparel manufacturing park spread over 15 acre of land would be set up in Agra and that bids will be floated very soon for this purpose.

Textile Minister, Santosh Gangwar during his Agra visit recently had announced that an apparel manufacturing park spread over 15 acre of land would be set up in Agra and that bids will be floated very soon for this purpose.

http://timesofindia.indiatimes.com/City/Agra/Industrialists-meet-textile-minister/articleshow/44716997.cms
0
 
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