Industry

AEPC Seeks Uniform GST Levies Across MMF Textile Value Chain

Textile Insights January 25, 2024

To boost local manufacturing and also clothing exports, the Apparel Export Promotion Council (AEPC), has sought uniformity in GST levies and more tax incentives in the union budget to be announced on February. “A uniform tax of five percent should be applied to the Goods and Services tax (GST)

Export

Indian Garment Exporters Seek Three Year Rebate Extension

Textile Insights December 30, 2023

Apparel Export Promotion Council (AEPC) has sought a three year extension of RoSCTL, a rebate scheme, stating that it has become a dire necessity, given the current global economic uncertainties. In a statement, AEPC Chairman Naren Goenka said market sentiments have touched an all-time low and the traditional markets of the US and EU are […]

Export

UK & EU FTA’s Will Be Game Changers: AEPC Chairman

Textile Insights December 13, 2023

The Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka has expressed enthusiasm regarding the proposed free trade agreement with both the United Kingdom and the European Union. “The FTA will be a game changer for the industry,” Goenka said, while emphasising the significant advantages the agreement would offer apparel exporters. Goenka informed that talks

Export

Revitalizing Indian Textile Exports With Government Initiatives

December 12, 2023

Indian textile small and medium enterprises (SMEs) capitalize on the nation’s rich pool of raw materials and abundant resources. While globalization has opened up new international avenues, persistent challenges have hindered growth. India faces formidable competition from countries like Bangladesh and Vietnam, which benefit from lower labour costs and expansive

Export

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

Textile Insights November 6, 2023

The Apparel Export Promotion Council of India (AEPC) has set a target of achieving US $40 billion in garment exports by 2030 “To achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices,” AEPC Chairman Naren Goenka said. In a statement, Goenka said “We have […]