Source: IBEF.org, Oct 29, 2014
New Delhi: 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.
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. Read the rest of this entry »