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Tuesday, October 28, 2014

Apparel Exports Register Growth of 17.6% in April- September 2014

Highlighting the export performance, Shri Virender Uppal, Chairman AEPC in his message stated that “garment exports are on the sustained path of growth and we have incurred 17.6% growth in this fiscal. Exports in dollar terms for the month of September 2014 stood 1.3 billion registering 16% growth. The cumulative April- September of the Financial Year 2014-15 has increased by 17.6 per cent over the same period of previous FY and reached to USD 8.3 billion, which is good performance.” He further noted that increasing labour cost in China, non-compliance of large number of factories in Bangladesh, high rate of inflation, currency appreciation, etc with the competing countries have provided India a big opportunity in view of its relative advantage. 

A small push from the Government with its policy support may help India to get more business as overseas buyers are looking at India as safe and reliable option for the sourcing. But to capture the space in market left by China and Bangladesh, we have to be competitive in pricing, apart from meeting strict timelines, better quality delivery by Indian exporters, Shri Uppal added. 

The 22nd edition of India Market Days was inaugurated at Apparel House, Gurgaon, yesterday, by Mr. Shri Sudhir Sekhri, Chairman Export Promotion (EP), AEPC, along with, EC member and Shri Puneet Kumar, Secretary General, Apparel Export Promotion Council (AEPC), in the presence of international buyers, participants and AEPC officials. 

Speaking on this occasion Shri Sekhri said, “This time 52 exhibitors are displaying their Spring Summer 2015 collection. I am sure buyers will be able to find the upmarket fashion driven products to source from India. There will be buyers from across the globe for the two days of India Market Days which kick-started today.” He also noted that “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.” We have good design and raw material strengths and our business is based on exceptional customer service, respect and integrity in the pursuit of mutually profitable outcome, he added. 

Shri Puneet Kumar, SG AEPC, in his remark welcomed the buyers and said, “The garment export industry is sustainably growing and we are significantly at the highest level in US market. I would like to credit this growth to all the hardworking exporters who put in their best in the business.” 

Displaying the latest collection of high quality merchandise, the product profile of the event covers the entire value chain of the textile and clothing industry. Ranging from menswear, leisure wear, formal and cocktail wear to women's fashions and children wear, several prominent apparel and accessory manufacturers and exporters are exhibiting their products.
Exhibitors/ showroom holders are from cities like Jaipur, Gurgaon, Noida, New Delhi, Ludhiana etc. Buyers hailing from, USA, South Africa, Spain, Canada, Turkey, Brazil, UAE, Denmark, etc are visiting the India Market Days fair on this inaugural day. 

22nd edition of India Market Days is a project approved by Ministry of Textiles and is funded under the Market Access Initiative (MAI) Scheme of Ministry of Commerce & Industry, Government of India for inviting overseas buyers and buying agents under reverse BSM, he added. 
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