CHINA
Apparel (104)
The Export Promotion Council for Handicrafts organized a four-day fair, Indian Handicrafts and Gift Fair, from October 15 to 18, in New Delhi. Its aim was boost handicraft exports. The fair drew the participation of over 2,600 exhibitors and over 4,500 international buyers, and attracted business worth Rs 150 million as compared to last year’s Rs 110 million. Exports of hand printed textiles and scarves from India increased 6.01 per cent during April to September 2014. Exports of embroidered and crocheted products grew by 2.48 per cent while that of shawls as art ware grew by 31.1 per cent. Overall, handicraft exports…
Around 25 Indian apparel firms participated in the Great Exhibition of Garments of India which took place in Spanish cities of Barcelona and Madrid. Held for two days each in Barcelona and Madrid, the event saw participation from leading apparel companies of India. Around 350 buyers including wholesalers, importers, distributors, chain stores, designers, agents, and retailers visited the fair. Organized by the Apparel Export Promotion Council of India (AEPC), with support from the Indian Embassy in Spain, the expo aimed at providing a unique opportunity to see firsthand the benefits of investing in India, which is one of the world’s…
India is all set to emerge as the largest hub for sourcing of apparel and knitwear garments in the next five years."With China showing more interest in engineering and IT sector and Bangladesh being looked at as a non-compliant country, global players,both in traditional and non-traditional markets are eyeing India's potential for outsourcing with great interest," says A Shaktivel, Chairman, AEPC. He said India could emerge as the largest hub for sourcing of apparel and knitwear garments in another five years.Indeed, till now India has been at a cost disadvantage compared to Bangladesh, Vietnam and others, he said this year…
Strong demand from the US and Europe and a weak rupee have set the stage for India's garment exports to post a recovery. This is good news for an economy struggling with a large current account deficit.Revenue from garment exports is expected to increase 16 per cent to around $15 billion during the year ending in March. Exports between April and August increased more than 12 per cent from a year earlier. Garment exports account for a significant portion of India's total export revenue. Higher exports will help India reduce its large current-account deficit, which was equal to 4.9 per cent of the gross domestic…
Exporters have welcomed the duty drawback rate rationalized for the year 2013-14, which brought more items under the scheme for tax refund to exporters to give a boost to overseas shipments."I am happy that the government has announced duty drawback for the garment cotton, man-made and silk for the year 2013-14. This is a critical incentive which we all need because of our value added imports. I applaud the government for the announcement at the times when rupee has been devalued to a considerable extent in recent times," A Sakthivel, Chairman AEPChas said. Duty drawback allows the exporter to get…
India’s textile industry is on a high. According to Central Labour Bureau’s quarterly survey, the textile industry created the maximum number of jobs from April 2012 to March 2013. It added more than 1.40 lakh jobs during this period. The hike in garment exports also opened up more jobs in the country. “Textile is the biggest industry after agriculture in terms of employment creation. Around 11.2 million workers alone are engaged in the readymade garment sector. With rise in trade, additional employment has been created. A majority of textile companies are SMEs with as low an investment of 1 lakh…
The three-day India International Fabric Expo-2013 held at Colombo saw international buyers appreciating Surat fabrics, including saris and dress materials.This was the first time that the Southern Gujarat Chamber of Commerce and Industry (SGCCI) had set up a separate pavilion named 'Discover Surat', to display textile fabrics and designs from the city, including embroidery. Around 22 textile exhibitors from the city had participated in the show with their exquisite designer saris and dress materials. They received many enquiries from the fashion designers, garment wholesalers and retailers in Sri Lanka. According to SGCCIoffice-bearers,the objective of participating in the expo was to…
The Apparel Export Promotion Council (AEPC), the apex body of apparel exports in India, has urged the government to keep the momentum of growth rolling as it is important that the manufacturing sector starts picking up fast. The council’s list of demands include duty credit scrip at the rate of 5 per cent, increasing the support under MAI, implementing the gold card scheme, separate chapter for getting export credit for the banking sector at a fixed rate of 7.4 per cent, changes in service tax, income tax and labor laws and easy availability of credit and an assured supply of specialty…
The consistent fall in the rupee against the dollar has aided the textiles sector but the volatility in the exchange rate isn’t allowing the segment to reap the full benefits of the currency’s fall. Experts claim a gradual fall is acceptable to buyers and is absorbed in the international market. But the rupee’s collapse and better realizations of Indian exporters aren’t appreciated by foreign buyers, which are trying to renegotiate contracts. “We have been asked to reduce prices, as our buyers are aware of the sharp fall in the rupee but the problem that would arise later is when the…
The consistent fall in the rupee against the dollar has aided the textiles sector but the volatility in the exchange rate isn’t allowing the segment to reap the full benefits of the currency’s fall.Experts claim a gradual fall is acceptable to buyers and is absorbed in the international market. But the rupee’s collapse and better realizations of Indian exporters aren’t appreciated by foreign buyers, which are trying to renegotiate contracts. “We have been asked to reduce prices, as our buyers are aware of the sharp fall in the rupee but the problem that would arise later is when the rupee…
- SIUF
- Home Textile
- TPF
- HW
