Apparel Export

Apparel Export Promotion Council (AEPC) on Saturday said that more than 110 countries, including Japan, UAE, Iran, USA, Spain, and the UK, are participating in the Bharat Tex 2025, a global event being held from February 14-17 at Bharat Mandapam here. AEPC Chairman Sudhir Sekhri said that a large number of global brands and retail chains have come to attend the fair. "Japan has the largest number of apparel buyers represented in this show, followed by UAE, Iran, USA, Spain, UK, South Africa, Russia and Australia," he said, adding, "the presence of international delegations will further strengthen India's positioning as a reliable partner in the global textile market." Bharat Tex platform is the textile industry's largest and most comprehensive event comprising a mega expo spread across two venues and showcasing the entire textile ecosystem. Minister of Textiles Giriraj Singh inaugurated the fair on Friday. Minister of State for Textiles Pabitra Margherita, Textiles Secretary Neela

Apparel exporters' body AEPC on Tuesday suggested the government to introduce reforms in labour laws, improve schemes for skilling the workforce and make policy for fabric import flexible to boost exports. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that the exports target of USD 40 billion for ready-made garments by 2030 is an ambitious aim, though the industry is making all possible efforts to achieve that. The government should "introduce reforms in Indian labour laws, improve schemes for skilling the workforce and make policy for fabric import flexible and industry friendly," he said. To discuss ways to increase exports, the council held a round-table discussion with the major apparel brands here. The council said that India's biggest strength is its design prowess and raw material base and it must be leveraged. "Among the major asks of brands is the need for building capacity and fast-tracking manufacturing. Also, the skilled labour shortage which is .

Apparel exporters body AEPC on Saturday urged the government to announce tax incentives, including removal of a provision requiring payments to MSMEs within 45 days to claim deductions and customs duty exemption on garment machinery imports. The Apparel Export Promotion Council (AEPC) has also requested that an interest equalization rate of 5 per cent be announced in the Budget, scheduled to be unveiled on February 1 by Finance Minister Nirmala Sitharaman. Other demands include extension of concessional tax rate for new manufacturing units to encourage setting up of new garment units; simplification in the procedure of imports of trims and embellishments under IGCR (Import of Goods at Concessional Rate); and liberalizing e-commerce export procedures. "Ready Made Garments (RMG) industry has also demanded removal of Sec43B (H) of IT Act in the ensuing Budget which pertains to payment to any MSME companies within a maximum 45 days' time to claim any deduction in tax. This has increase

Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in FY25 aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India, ratings agency ICRA on Monday. The long-term prospects for Indian apparel exports are favourable, aided by enhanced product acceptance in end markets, evolving consumer trends and a boost from the government in the form of the production-linked incentive (PLI) scheme, export incentives, the proposed free trade agreement with the UK and the EU, among others, ICRA said in a statement. The expected growth this fiscal follows a tepid performance in FY24 when exports were affected because of high retail inventory, sluggish demand from the key end markets, supply chain issues, including the Red Sea crisis and heightened competition from neighbouring countries, it added. With the revival in demand, ICRA said it expects the capex spending to increase in FY2025 and FY2026 and may stay

Tiruppur and Noida apparel export industries are witnessing a surge in demand orders from various international clothing brands

Apparel exporters body AEPC on Wednesday said the industry is working on sustainability production practices as it would help enhance the competitiveness of the sector in the international market. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said the mantra given by prime minister Narendra Modi to boost textiles exports through 5F - Farm to Fiber, Fiber to Factory, Factory to Fashion, Fashion to Foreign - will energise the textiles export sector. Addressing a gathering after inaugurating Bharat Tex 2024, one of the largest-ever global textile events organised in the country, on Monday, the prime minister promised all support to the textiles sector, stressing that it will play a crucial role in making India a developed nation by 2047, when India will complete hundred years of independence. Sekhri said the expo will help promote the brand India in the international markets. "For such a long time we did not have an international show of such a global standard and ..

Indian apparel manufacturers are looking to hold exhibitions in world markets like Australia, the US and the UK which have strong diaspora to expand into new geographies, an industry official said. Speaking with PTI after holding the inaugural edition of the annual exhibition in the city, Clothing Manufacturers Association of India (CMAI) chief mentor Rahul Mehta said domestic brands are becoming stronger and more capable with their successes within India and it is necessary to take these brands to newer geographies. "It is time to expose to the international and global market and we felt we should begin with the international market, where the Indian diaspora is in large numbers," Mehta said. At the recently held "Brands of India" in Dubai, there were a total of 350 domestic brands from India exhibiting their wares, Mehta said, terming the response as "tremendous". "Our plan is to have three cycles, at least in Dubai. then, we will go to other markets such as Australlia, US, New .

As orders dry up, exporters in Tiruppur and Noida have decided to shut down for a few days every month but haven't decided to lay off yet

Japan offers huge business opportunities for Indian apparel exporters and the industry should explore that market, AEPC said on Saturday

Customs duty advantage under the India-Australia free trade agreement will help Indian apparel exporters get greater market access in that country as compared to their competitors, AEPC said on Tuesday. The agreement is coming into force from December 29. Apparel Export Promotion Council (AEPC) Vice Chairman Sudhir Sekhri said Australia is the largest importer of garments in the southern hemisphere. While China's share in import of apparel into Australia is more than 70 per cent, India's share is less than 5 per cent. "With the India-Australia ECTA (Economic Cooperation and Trade Agreement ) getting operationalised, India will have a slight duty advantage over Vietnam and Indonesia for imports in the Australian market," he said. India's ready-made garment exports to Australia have seen a growth of an average of 11.84 per cent over the last 5 years, which is "purely on account of China Plus One strategy adopted by most countries," he added. Going by this growth trend and with the

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel welcomed the release of funds for paying the dues under the scheme for fiscal 2020-21

Council chief Welcomes Govt's readiness to sign limited deal with US, urges review of key trading pacts in order to remove disadvantages

Wants textile industry to explore use of new materials like bamboo, says he will speak to PM to allow export of PPE

Says country's apparel exports can double in three years if disadvantages in trade pacts are removed and positive sentiment leveraged

The AEPC has requested the government to lift the ban on the export of PPE kits and has sent letters to Minister of Commerce and Industry Piyush Goyal and Minister of Textiles Smriti Zubin Irani

AEPC chairman says there is a huge market for masks across the world and all the fashion brands have started asking for it

Most units say there are no orders as retailers haven't resumed operations

A study conducted by the industrial body says job losses in the textile value chain could be a staggering 10 million

Write to PM, saying foreign order cancellations would affect 12.9 million workers

Apparel exports to the largest market US showed a steep decline of 13 per cent in April-August 2019 as compared to that in April-August 2018