Apparel exports register growth of 17.6% in April-September 2014

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 »

Exporters tapping synthetic garment for higher growth

Source: The Hindu Business Line, Oct 05, 2014

Tirupur: Garment exporters, currently dominated by cotton garments, are in the process of tapping synthetic and blended garment segments in a big way, which constitute about 70 per cent of global demand, a top official in Tirupur Exporters’ Association (TEA) has said.

Tirupur, which exported garments worth Rs. 18,500 crore last year, has a share of Rs. 2,500 crore to Rs. 3,000 crore in synthetic and blended garments, mainly winter garments, TEA president A Shaktivel told PTI.

Despite overall continued growth and demand for garments from this town, no extra effort was taken to increase the share of garments made of man—made fibre, like clothes of synthetic fibre, Shaktivel said.

Through Knitwear Technology Mission (KTM), which commenced its operations in Tirupur, it would be easy to produce garments using synthetic fabric, which hitherto was manufactured after imports from China, he said.

Exporters tapping synthetic garment for higher growth

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India’s textiles, apparel exports to rise by 10% this year

Mumbai: India’s cotton and apparel exports are set to climb by around 10 per cent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said.

 

Textile-algérieThe rise in textile shipments from India – currently around 4.5 per cent of world trade – may eat into top exporter China’s 36 per cent share of the market and will be a boon for Indian textile merchants keen to exploit rising demand stemming from weak cotton prices and global economic growth.

 

“My orders have increased by about 20 per cent so far this financial year. It’s a golden period for the Indian textiles industry,” said Vijay Agarwal, chairman of Mumbai-based Creative Group, a leading apparel exporter. Buoyed by fresh export orders, Agarwal is keen to expand his business by investing 2 billion rupees ($32.71 million) in the next year.

 

The main markets for Indian textiles at the moment are the United States and European Union.

Agarwal and other Indian exporters are anticipating a rise of roughly 5 per cent in global demand for textiles and apparel this year. In addition, India’s textile exporters feel the relatively low labour costs in their country, alongside record domestic cotton production this year, should help them gain market share from other exporters in the region. Read the rest of this entry »

India plans to open handloom stores abroad

Source: The Hindu Business Line, Sep 04, 2014

Hyderabad: India is planning to open handloom stores abroad and is in the process of pooling artisans to work on contemporary and export—oriented designs, a top government official said here today.

“As far as the exports market is concerned, we are trying to explore new markets and look for some of the franchise model over there…also to open our own stores and we are working on that. It will take some time before we can put it into operation,” Development Commissioner (Handlooms), Ministry of Textiles, Dinesh Kumar told PTI here.

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Textile Ministry for FDI in multibrand retail, but only in Indian apparel

Source: Business Standard, Sep 03 2014

Mumbai: The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail.

Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, albeit restricting its views only to Indian apparel brands.a

At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.

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Textiles Ministry Pact with Flipkart

Source: The New Indian Express, Aug 26, 2014

CHENNAI: Handloom weavers across the country will soon be able to market their wares through an online platform with the Union Textile Ministry signing a pact with online retailing giant Flipkart to provide an online marketing platform for the handloom sector.

An MoU was signed on Monday between the Ministry of Textiles, through the office of the Development Commissioner for Handlooms, and Flipkart to provide the beleaguered handloom weavers with an avenue to market their wares.

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Government eyeing non-traditional markets to boost textiles exports

Source: The Economic Times, Aug 14, 2014

NEW DELHI: To boost the country’s textile exports, the government is exploring new markets by holding shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets, Parliament was informed today.a

“The Government, in addition to traditional markets like EU & USA, is exploring new markets by holding exhibitions and shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets,” Union Textiles Minister Santosh Gangwar said in a written reply in Lok Sabha.

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