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

Export

Indian Textile & Garment Exports Drop 8.81% In H1FY’24

Textile Insights October 18, 2023

In the period between April and September 2023, Indian textile and apparel exports fell to $16.79 billion, down 8.81 percent as against $18.42 billion in the same period of fiscal 2023. Of this, textile exports dropped by 3.59 percent year on year to $9.83 billion in the first six months of the current fiscal Clothing […]

Export

Indian Exporters To Get Automatic ‘Status Holder’ Certificates

Textile Insights October 11, 2023

Union Minister of Commerce & Industry and Textiles Piyush Goyal unveiled an initiative to issue system based automatic ‘Status Holder’ certificates under the Foreign Trade Policy (FTP) 2023. The exporter will not be required to apply to the office of Directorate General of Foreign Trade (DGFT) for a status certificate. The export recognition will be […]

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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

Has China Plus One Helped Indian Textile & Garment Sector?

Textile Insights August 29, 2023

The ‘China Plus One’ strategy refers to a business strategy adopted by multinational companies, to diversify their production and supply chain activities by adding an alternative manufacturing or sourcing location to China and was introduced in 2013. But has the China Plus One strategy worked to the advantage of countries like India, which is a […]

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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 […]

Export

Indian Garment Exports Down 17.3% in July 2023

Textile Insights August 18, 2023

For the month of July 2023, shipments of textiles were down 1.9 percent, while those of garments dropped higher at 17.37 per cent, when compared with July 2022. Textile exports touched US $1.66 billion in July 2023 as against $1.69 billion last July, while garment exports totaled $1.14 billion last month as against $1.38 billion […]

Export

Process Eased For Duty Free Import Of Export Purpose Inputs

Textile Insights July 19, 2023

Directorate General of Foreign Trade (DGFT) has implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. “The eligibility of inputs is determined by Sector-specific Norms Committees based on input-output norms,” a PIB press release stated. To make the norms fixation process more efficient,