Garment exports up 15.5 pc in FY'13-14: AEPC

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Saurabh Gupta | 25 Apr, 2014
Despite the shrinking of traditional markets and uncertain global economic scenario, the garment exports from India for the Financial Year 2013-14 has increased by 15.5 percent over the same period of previous fiscal and reached to USD 14.94 billion, informed the apex apparel exporters body on Thursday.

To further spur growth and employment generation in the sector, Apparel Export Promotion Council (AEPC) calls for industry friendly foreign trade policy (FTP) at the 21st edition of India Market Days was inaugurated on Thursday, at Apparel House in Gurgaon.

Speaking on this occasion Chairman AEPC, Virender Uppal said, "This is the first fair of the new fiscal which will kick-start a wonderful year and unfolding of series of events that AEPC has planned for the year 2014-15 for boosting garment exports and generating employment."

"AEPC has been pushing for the industry friendly policy to be announced in the new Foreign Trade Policy. We are working for it and the issues acting as hindrances to smooth trade had been taken up with the Government. Issues like All Industry Rates of Drawback, Interest subvention, procedural simplifications to cut the transaction cost and time, simplifications of labor laws, etc have been raised with the Government," he added.

Highlighting the export performance, Uppal, stated that, Garment Export in dollar terms for April-March of the FY 2013-14 has increased by 15.5 percent over the same period of previous FY and reached to USD 14.94 billion, which is good performance despite the shrinking of our traditional markets, fluctuating currencies and uncertain global economic scenario and I take this opportunity to congratulate you all for this.

Chairman AEPC also underlined, "Garment Industry has huge potential to shift the additional unutilized labor out of agriculture and lift the large population above the empowerment line. To jumpstart job creation, India will need to improve its business and investment climate especially the labor incentive sector like the garment Industry."

21st edition of India Market Days was inaugurated by Virender Uppal, Chairman AEPC along with Sudhir Sekhri, Chairman (EP), H K L Magu, Chairman (F & B), Pritam Goel, Lalit Thukral, Convener, Apparel Mart, EC member and Puneet Kumar, Secretary General, AEPC, in the presence of international buyers, participants and AEPC officials.

During his inaugural address Uppal remarked, "India Market days provide an opportunity to analyze and choose, from the wide spectrum of existing and emerging products at one place, finalize bulk requirements and negotiate best rates for bulk orders. This event will help the garment exporters find the right partners for their business."

"I also take this opportunity to invite you all to participate in huge numbers in the upcoming India International Garment Fair to be held in the month of July 2014 in New Delhi," Chairman AEPC appealed.

In order to boost Indian exports of garments and fashion accessories, 21 temporary participants along with the permanent showrooms holders are displaying their products in around 75 show-rooms at Apparel house, exhibiting their latest collections.

The last edition of India Market Days was held in the January 2014 and the next edition of India Market Days will be held in the month of September 2014.