India garment exports hit $7.07bn during April-Aug period

Related Keywords: AEPC, Bangladeshi mills, Europe, global safety norms, Indian garment export, Indian textile industry, Indian textile ministry, Soaring costs in China

Mumbai
India garment exports hit $7.07bn during April-Aug period
Summary: 
India garment exports due to steady flow of orders from Europe and a weaker rupee witnessed a jump of 23% in August to $1.38billion. With a robust growth in August, exports in the April-August period hit $7.07 billion, up 18% y-o-y, according to the Apparel Exports Promotion Council (AEPC) data.

India garment exports due to steady flow of orders from Europe and a weaker rupee witnessed a jump of 23% in August to $1.38billion. With a robust growth in August, exports in the April-August period hit $7.07 billion, up 18% y-o-y, according to the Apparel Exports Promotion Council (AEPC) data.

Having slipped nearly 6% in the last fiscal and witnessing a drop in 10 of the 12 months of 2012-13, garment exports started picking up since March last year as the domestic currency continued a downward journey and demand from the US started picking up due to an economic recovery.

http://www.financialexpress.com/news/garment-exports-stitch-23-growth-in-august/1294583
0

Indian textile industry seeks increase in export incentive to tackle tariff hurdles

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

Mumbai
Indian textile industry
Summary: 
The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.

http://www.thehindubusinessline.com/economy/macro-economy/hike-export-sops-to-tackle-tariff-barriers-says-textile-industry/article6416561.ece
0

Indian apparel exports likely to touch $17 billion mark this fiscal year

Related Keywords: AEPC, apparel industry, CMAI, Indian apparel export

India
Indian apparel exports likely to touch $17 billion mark this fiscal year
Summary: 
India witnessed growth in its apparel exports in May to $1.49 billion a rise by 24.96 percent, despite sluggish shipment to established partners in countries like U.S. and Europe. The growth in apparel exports is mainly attributed to the strong demand from non-traditional markets like Latin America, East and West Asia and Southern Africa.

India witnessed growth in its apparel exports in May to $1.49 billion a rise by 24.96 percent, despite sluggish shipment to established partners in countries like U.S. and Europe. The growth in apparel exports is mainly attributed to the strong demand from non-traditional markets like Latin America, East and West Asia and Southern Africa.

https://www.sourcingjournalonline.com/indias-may-exports-trade-deficit-rise-av/
Textile Auxiliaries
0

India now ranks second in global textile exports, China leads

Related Keywords: AEPC, Apparel Export Promotion Council, garment export from Bangladesh, garment export from Vietnam, textile exports China, textile exports Germany, textile exports Italy, textiles export from India

NEW DELHI
India now ranks second in global textile exports, China leads
Summary: 
According to data released by the India garment exporter body, Apparel Export Promotion Council, textiles exports in 2013 were at US$40 billion, ranking second in world trade. It has overtaken Germany and Italy to emerge second largest textile exporter, but lags China, World No. 1. China's exports are nearly seven times higher than India at US$274 billion.

According to data released by the India garment exporter body, Apparel Export Promotion Council, textiles exports in 2013 were at US$40 billion, ranking second in world trade. It has overtaken Germany and Italy to emerge second largest textile exporter, but lags China, World No. 1. China's exports are nearly seven times higher than India at US$274 billion.

Developing countries like Bangladesh and Vietnam have emerged as major suppliers to retail chains in Europe and the US on the back of cheap labour and lower-duty access.

http://timesofindia.indiatimes.com/business/india-business/India-overtakes-Germany-and-Italy-is-new-world-No-2-in-textile-exports/articleshow/35973054.cms
0

India's apparel exports jump 26pc, earns over Rs 492 bn forex in April-October

Related Keywords: A Sakthivel, AEPC, Apparel Export Promotion Council, apparel export target, Apparel exports, K s Rao, textile export from india, Union Textiles Minister

Mumbai
Indias apparel exports
Summary: 
Apparel exports have surged 26 per cent in the first seven months of 2013-14, touching Rs 49,200 crore. Speaking at an annual export award function Dr. Rao, Union Textiles Minister said, "The apparel sector has earned Rs. 49,200 crores foreign exchange in April-October, 2013, showing a growth of 26% over the same period during year 2012. Income in both the currencies i.e. INR and US$ are buoyant. In dollar terms, the growth is 15.5% (US$ 8.2 billion) during the same period"

Apparel exports have surged 26 per cent in the first seven months of 2013-14, touching Rs 49,200 crore. Speaking at an annual export award function Dr. Rao, Union Textiles Minister said, "The apparel sector has earned Rs. 49,200 crores foreign exchange in April-October, 2013, showing a growth of 26% over the same period during year 2012. Income in both the currencies i.e. INR and US$ are buoyant. In dollar terms, the growth is 15.5% (US$ 8.2 billion) during the same period"

http://pib.nic.in/newsite/erelease.aspx?relid=0
General
Company News
0

AEPC hopes India's garment exports to touch US$60 bn in next three years

Related Keywords: AEPC, Apparel export from india, Apparel Export Promotion Council, apparel export target, K S Rao Union Textiles Minister, labour shortage, Sakthivel AEPC Chairman, Secretary Textiles Zohra Chatterji, Textile Conclave 2013

Mumbai
Summary: 
According to the Apparel Export Promotion Council (AEPC), India's garment exports would touch US$60 billion in the next 3 years, with government's assistance. Speaking on the Textile Conclave 2013, Sakthivel, AEPC Chairman, identified labour shortage to be the biggest bottlenecks. He stated that, "We are getting good orders and have won the confidence of buyers. As a brand India we are recognized everywhere but challenge is translating that leverage into the world textiles global hub." We are looking for skilled people in large number to meet them.

According to the Apparel Export Promotion Council (AEPC), India's garment exports would touch US$60 billion in the next 3 years, with government's assistance. Speaking on the Textile Conclave 2013, Sakthivel, AEPC Chairman, identified labour shortage to be the biggest bottlenecks. He stated that, "We are getting good orders and have won the confidence of buyers. As a brand India we are recognized everywhere but challenge is translating that leverage into the world textiles global hub." We are looking for skilled people in large number to meet them.

General
Company News
0

Garment exporters in China and Bangladesh fear India taking over

Related Keywords: AEPC, Apparel Export Promotion Council, garment export from Bangladesh, garment export from china, Garment export from india, labour cost in china, Premal Udani

Mumbai
Summary: 
Garment exports from India of late are being driven by demand from major textile importing regions such as the US and Euro zone. This has adversely impacted garment exports from neighbouring countries like China and Bangladesh as India is seen to be eating into the market share. Although the advantage does not appear from the Indian side apart from the falling rupee, China’s high labour costs have been working in India's favor. Also, the yuan has risen against the dollar, and this has reduced its competitive edge. In September, Bangladesh saw a protest by labourers, who demanded higher wages. Also, the collapse of Rana Plaza, a huge garment factory in Bangladesh on 24 April 2013, has caused concern on safety and working conditions in that country. According to data from the Apparel Export Promotion Council (AEPC), India's garment exports to the European Union increased 5.9 per cent year-on-year in the first six months of 2013, while those of China and Bangladesh declined 9.7 per cent and 1.8 per cent year-on-year, respectively. In September alone, apparel exports from India rose 14.95 per cent to US$1.11 billion. In the first half of this financial year, India exported apparel worth $7.9 billion, a rise of 13 per cent over the year-ago period, the AEPC showed. For this financial year, Union textile minister K S Rao has pegged apparel exports at $20 billion. Last year, apparel and garment exports stood at $14 billion.
http://www.business-standard.com/article/economy-policy/indian-apparal-exporters-eating-in-to-china-bangladesh-s-markets-113110900404_1.html
General
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0
 
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