Rupee weakening against the dollar to benefit the textile and clothing category

Related Keywords: Apparel Export Promotion Council, Apparel exports, clothing, Garment Exporters, garment producers, raw material prices, Textile, yarn exports

Coimbatore
Summary: 
Apparel exports, which were almost stagnant for the last couple of years, is expected to do better. It will give the garment producers cushion against increasing raw material prices. A. Sakthivel, vice chairman of the Council said that, “However, buyers will ask for cut in rates even for existing orders, and we might not get the full benefit.”

Apparel exports, which were almost stagnant for the last couple of years, is expected to do better. It will give the garment producers cushion against increasing raw material prices. A. Sakthivel, vice chairman of the Council said that, “However, buyers will ask for cut in rates even for existing orders, and we might not get the full benefit.”

https://www.thehindu.com/business/weak-rupee-good-for-textiles-and-clothing/article24692269.ece
0

Textile and clothing exports slid 0.4%

Related Keywords: Apparel Export Promotion Council, Apparel exports, Confederation of Indian Textile Industry, exports of cotton yarn, fabric should be from India or Bangladesh, fabrics, garment production, South Asia Free Trade Agreement with rules of origin clear for garment imports from Bangladesh, textile and clothing exports

Tamil Nadu
Summary: 
There is positive feedback from the government on increasing the drawback rates. But this is yet to happen. A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

http://www.thehindu.com/business/Industry/textile-clothing-exports-slip-04-to-35-bn-in-fy18/article23606409.ece
0

Textile and garments industry eye more incentives

Related Keywords: Apparel Export Promotion Council, continuation of the duty-free import, duty-free import of samples, export value of garments, facing competition, forthcoming Union Budget, more incentives, round-the-clock customs clearance, sought number of interventions, speciality fabric, textile and garment companies, withdrawal of GST on air-freight

New Delhi
Textile and garments industry eye more incentives
Summary: 
The Apparel Export Promotion Council has sought a number of interventions from the government, which include more incentives, continuation of the duty-free import of speciality fabric up to 1 percent of export value of garments, round-the-clock customs clearance, withdrawal of GST on air-freight and duty-free import of samples in the forthcoming Union budget, as the the labour intensive textile and garment companies are facing increasing competition from Vietnam and Bangladesh.

The Apparel Export Promotion Council has sought a number of interventions from the government, which include more incentives, continuation of the duty-free import of speciality fabric up to 1 percent of export value of garments, round-the-clock customs clearance, withdrawal of GST on air-freight and duty-free import of samples in the forthcoming Union budget, as the the labour intensive textile and garment companies are facing increasing competition from Vietnam and Bangladesh.

https://www.telegraphindia.com/business/garments-eye-incentives-202877
0

AEPC set up new incubation centre in Gurugram

Related Keywords: AEPC, Apparel Export Promotion Council, Association of National Institute of Fashion Technology, collaboration with 3M, connect with investors as well as mentors, help them achieve efficiency in production, NIFT Alumni, platform for the startups, set up new incubation facility recently inaugurated

New Delhi
AEPC set up new incubation centre in Gurugram
Summary: 
The Apparel Export Promotion Council (AEPC) in collaboration with 3M, Association of National Institute of Fashion Technology (NIFT) Alumni set up new incubation facility which was recently inaugurated. The facility will be a platform for the startups to connect with the investors as well as mentors that could help them achieve efficiency in the production.

The Apparel Export Promotion Council (AEPC) in collaboration with 3M, Association of National Institute of Fashion Technology (NIFT) Alumni set up new incubation facility which was recently inaugurated. The facility will be a platform for the startups to connect with the investors as well as mentors that could help them achieve efficiency in the production.

The centre to act as a launch pad for the startups – Micro, Small and Medium Enterprises (MSMEs), a release from the council informed.

http://knnindia.co.in/news/newsdetails/sectors/aepcs-new-incubation-centre-in-gurugram-to-assist-start-ups-connect-with-investors-mentors
0

AEPC to set up office in Ahmedabad to boost apparel export from Gujarat

Related Keywords: AEPC, Apparel Export Promotion Council, apparels export relatively low, boost apparel export from Gujarat, bring in required international exposure, opportunities for the industry. Gujarat is the highest cotton producing state, set up office in Ahmedabad

Ahmedabad
AEPC to set up office in Ahmedabad to boost apparel export from Gujarat
Summary: 
Apparel Export Promotion Council (AEPC) plans to set up office in Ahmedabad to boost apparel export from Gujarat and also bring in the required international exposure and opportunities for the industry.

Apparel Export Promotion Council (AEPC) plans to set up office in Ahmedabad to boost apparel export from Gujarat and also bring in the required international exposure and opportunities for the industry.

As Gujarat is the highest cotton producing state and has a burgeoning textile industry but the exports from the state, especially those for apparels are relatively low.

The council's office which will be operating out of Gujarat Chamber of Commerce and Industries (GCCI) will begin operations in the city by the end of December this year.

https://timesofindia.indiatimes.com/city/ahmedabad/aepc-to-start-office-in-city-by-december-end/articleshow/61953783.cms
0

Bihar govt in association with AEPC organized apparel meet at Ludhiana

Related Keywords: Apparel and textile sector, Apparel Export Promotion Council, Bihar government, Bihar industries department, Investments

Patna
Bihar govt in association with AEPC organized apparel meet at Ludhiana
Summary: 
The Bihar industries department to attract investments in the state apparel and textile sector in association with Apparel Export Promotion Council (AEPC) organised an apparel meet at Ludhiana on Friday to showcase the initiatives taken by the Bihar government.

The Bihar industries department to attract investments in the state apparel and textile sector in association with Apparel Export Promotion Council (AEPC) organised an apparel meet at Ludhiana on Friday to showcase the initiatives taken by the Bihar government.

According to a press release, Bihar principal secretary (industries) S Siddharth gave a detailed presentation to the participants on policy initiatives, infrastructure, ease of doing business and availability of land and skilled workers in Bihar.

https://timesofindia.indiatimes.com/city/patna/state-govts-bid-to-attract-investors-in-textile-sector/articleshow/61609241.cms
0

AEPC called for pragmatic approach to arrest rise of rupee

Related Keywords: Apparel Export Promotion Council, Bangladesh and Vietnam, called for strategy and pragmatic approach, China, depreciation of currencies of its competitors, Indian garment shipments hardly picking up, owing to a strong rupee, to arrest the rise of the rupee

Mumbai
AEPC called for pragmatic approach to arrest rise of rupee
Summary: 
The Apparel Export Promotion Council (AEPC) an apparel exporters’ body called for a carefully considered strategy and a pragmatic approach to arrest the rise of the rupee. As India’s garment shipments are hardly picking up owing to a strong rupee and depreciation of currencies of its competitors like China, Bangladesh and Vietnam despite government's intentions and support to the industry.

The Apparel Export Promotion Council (AEPC) an apparel exporters’ body called for a carefully considered strategy and a pragmatic approach to arrest the rise of the rupee. As India’s garment shipments are hardly picking up owing to a strong rupee and depreciation of currencies of its competitors like China, Bangladesh and Vietnam despite government's intentions and support to the industry.

http://www.business-standard.com/article/pti-stories/apparel-exporters-demand-measures-to-arrest-rupee-rise-117033101138_1.html
0

Apparel industry may be hit due to subdued demand from key importing countries

Related Keywords: Apparel Export Promotion Council, competing markets such as Vietnam and Bangladesh, domestic market, estimates close at one point twelve lakh crore, for a consecutive year in FY, growth in apparel export may stay muted, heavy reliance on cotton, Indian apparel industry, roughly two percent growth, Subdued demand from key importing countries

New Delhi
Apparel industry may be hit due to subdued demand
Summary: 
With subdued demand from key importing countries, the growth in apparel export may stay muted for a consecutive year in FY17. According to the Apparel Export Promotion Council’s (AEPC’s) estimates, it is likely to close at $17.3 billion (Rs1.12 lakh crore) in 2016-17, up by roughly two percent from $16.9 billion (Rs 1.10 lakh crore) in the previous financial year.

With subdued demand from key importing countries, the growth in apparel export may stay muted for a consecutive year in FY17. According to the Apparel Export Promotion Council’s (AEPC’s) estimates, it is likely to close at $17.3 billion (Rs1.12 lakh crore) in 2016-17, up by roughly two percent from $16.9 billion (Rs 1.10 lakh crore) in the previous financial year.

http://www.business-standard.com/article/companies/sluggish-export-growth-may-hit-apparel-industry-117032900046_1.html
0

AEPC positive over apparel exports crossing $30 bn in next 3 yrs

Related Keywords: Aparel exports of India, Apparel Export Promotion Council, bring paradigm change, governments future-oriented initiatives, help push apparel sector, industry body AEPC, innovative designs prowess, likely to touch more than thirty billion USD, modernize textile sector, next three years

New Delhi
AEPC positive over apparel exports crossing $30 bn in next 3 yrs
Summary: 
India's apparel exports likely to touch more than $30 billion in the next three years, according to industry body AEPC as the government’s future-oriented initiatives to modernize the country’s textile sector will help push apparel sector.

India's apparel exports likely to touch more than $30 billion in the next three years, according to industry body AEPC as the government’s future-oriented initiatives to modernize the country’s textile sector will help push apparel sector.

Apparel Export Promotion Council, referring to the government’s Rs.6,000 cr special package announced in June for the textiles sector said that this move, along with innovative designs prowess will bring about a paradigm change for the industry.

https://www.thedollarbusiness.com/news/aepc-confident-that-apparel-exports-could-cross-30-bn-in-next-three-years/48944
0

AEPC expects Rs 5,000cr fresh investment to flow into the sector this year

Related Keywords: AEPC, an apparel industry body, Apparel Export Promotion Council, capital intensive industry, capital subsidy, during the current fiscal, duty on exports still a worry, enhance duty drawback, expecting around Rupee five thousand crore fresh investments, flow into textile and garment sector, highly labour intensive, textile booster package

Mumbai
AEPC expects Rs 5,000cr fresh investment to flow into the sector this year
Summary: 
Apparel Export Promotion Council (AEPC), an apparel industry body is expecting around Rs 5,000 crore fresh investments to flow into the sector during the current fiscal which may create as many as two million jobs with textile booster package of Rs6,000 crore announced by the government.

Apparel Export Promotion Council (AEPC), an apparel industry body is expecting around Rs 5,000 crore fresh investments to flow into the sector during the current fiscal which may create as many as two million jobs with textile booster package of Rs6,000 crore announced by the government.

AEPC chairman Ashok G Rajani said that based on the initial feedback he has received, around Rs 5,000 crore may flow into the industry in fresh capex this fiscal year itself as government announcement of textile package comes as a game changer.

http://indiatoday.intoday.in/story/apparel-industry-to-see-rs-5000cr-investment-this-year-aepc/1/706623.html
0
 
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