Advertise Here [468 W x 60 H pixels]
Web Exclusive | February 2018

Apparel export’s decline continue

Apparel exports have declined by 14 per cent in rupee and 8 per cent in dollar terms in January this year compared with the year-earlier month, latest data showed. Exporters cutting back on orders because of funds crunch and the delay in refund of levies hurting industry, say sources.

Between April and January of last financial year, apparel exports stood at Rs 93,745 crore and for the same period this fiscal, it was Rs 88,709 crore, a drop of 5 per cent. “We were hoping to remain at $17 billion of total apparel exports this year,” said a spokesperson of Apparel Export Promotion Council (AEPC).

“But, I do not see the sentiments for any major correction. Usually, orders are good between January and March. However, this year, exporters are cutting back on orders because of financial crunch,” said the spokesperson.

If a garment unit with Rs 10 crore turnover has Rs 1 crore locked up in pending refund arrears, it is a problem for exporters. Almost 80 per cent of the benefit in the apparel package announced by the Centre in 2016 is towards ROSL. Almost 55 per cent of garment exporters had not received the RoSL (Rebate of State Levies) since last July and this amounted to almost Rs 2,000 crore, the AEPC spokesperson added.

While the country’s exports are growing, decline in apparel and textile exports will bring down the share of the sector in the export basket.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      AuteFa Solutions Germany Gmbh      B & R Industrial Automation Pvt Ltd      Basant Wire Industries Pvt Ltd      Best Power Equipments India Pvt Ltd      Brugarolas India Pvt Ltd      Canias ERP Pvt.Ltd      Condair      Delair India Pvt Ltd      DN Associates      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      GEM Equipments Pvt Ltd      Instamod Air Pipe Pvt Ltd      ITEMA WEAVING (INDIA) PVT LTD      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Loepfe Brothers Ltd (Masterline)      Mangal Singh Brothers Pvt Ltd      Mec Growths Texmach Pvt Ltd      Meera Industries Ltd      Nestling Technologies      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industires      Reshmi Industries (India) Pvt Ltd      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Sieger Spintech Equipments Pvt Ltd (Parking)      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Staubli AG      Stella India      Stovec Industries Ltd      Sudarshan Gears      Swissmem      Techaids      TeFoc Accessories      Thymas Electronics Pvt Ltd      VXL Systems      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      AuteFa Solutions Germany Gmbh      B & R Industrial Automation Pvt Ltd      Basant Wire Industries Pvt Ltd      Best Power Equipments India Pvt Ltd      Brugarolas India Pvt Ltd      Canias ERP Pvt.Ltd      Condair      Delair India Pvt Ltd      DN Associates      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      GEM Equipments Pvt Ltd      Instamod Air Pipe Pvt Ltd      ITEMA WEAVING (INDIA) PVT LTD      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Loepfe Brothers Ltd (Masterline)      Mangal Singh Brothers Pvt Ltd      Mec Growths Texmach Pvt Ltd      Meera Industries Ltd      Nestling Technologies      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industires      Reshmi Industries (India) Pvt Ltd      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Sieger Spintech Equipments Pvt Ltd (Parking)      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Staubli AG      Stella India      Stovec Industries Ltd      Sudarshan Gears      Swissmem      Techaids      TeFoc Accessories      Thymas Electronics Pvt Ltd      VXL Systems