Export

Indian Clothing Exports Expected To Rebound In Current Fiscal

Textile Insights April 4, 2024

Indian clothing exports are anticipated to rebound in fiscal 2024-25 at around 8-9 percent led by expected demand from inventory replenishment by brands and retailers in key markets of the US and EU. “After a sluggish fiscal 2023-24 impacted by high inventory levels, apparel exports are expect

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) along the whole manmade fibre (MMF) […]

Export

Swiss Import Duty Abolition Negates India’s Gains From FTA

Textile Insights January 10, 2024

Switzerland which introduced a policy to allow tariff-free entry for all industrial goods from all countries has negated India’s gains from the negotiations for a European Free Trade Association (EFTA) free trade agreement. Switzerland’s decision that took effect from January 1, 2024 resulted in removing tariffs on products, including chemicals, consumer goods, vehicles

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

India Arrests Downslide In November Garment Exports

Textile Insights December 22, 2023

After a long period of decline due to various global challenges, Indian garment exports increased 11.7 percent, from a year ago month to US $1.2 billion in November 2023. “Exports of garments from India have witnessed a rough patch in the past few months,” Apparel Export Promotion Council (AEPC) Chairman Naren Goenka informed. “This was […]

Apparel, Fashion, Retail

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Textile Insights December 11, 2023

Textiles Minister Piyush Goyal expressed confidence that India’s garment exports would reach the target of US $40 billion by 2030. “$40 billion target by 2030 is clearly achievable,” he added Goyal said the Indian government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. Piyush Goyal was […]

Export

Adopt USA Certifications To Boost Indian Apparel Exports

Textile Insights November 11, 2023

Compliance and certifications of the US and other international standards are essential for growth of Indian garment exports to the US, was the advice of a senior official of an American trade body. The American Apparel & Footwear Association (AAFA) and Worldwide Responsible Accredited Production (WRAP) recently organised a workshop on US compliance standards for […]

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 […]

Export

Indian Garment Exports Slip 8.15% In August 2023

Textile Insights September 18, 2023

Indian garment exports slipped to US $1.13 billion in August 2023, down 8.15 percent as against $1.23 billion recorded in the same month of previous year. In the first five months of current fiscal ending March 31, 2024, clothing exports fell to $5.96 billion, a drop of 15.98 percent compared to $7.10 billion in the […]

Export

Gokaldas Exports Forecasts Slow Global Garment Demand

Textile Insights August 19, 2023

One of India’s biggest garment exporters, Gokaldas Exports has forecast that because the global economy remains weak, demand for clothing too will remain slow in the first half of fiscal 2024. “We are however optimistic about the revival of the business in the second half of fiscal 2024 and are bullish on the long-term prospects […]