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Exports Face a Drawback!
November 2017
Misfortunes have come in battalions for textile exporters – firstly GST dilemma, then, hardening of rupee and now the axe on duty drawback rates. An exclusive ITJ Report throws some light on the issue.
AEPC welcomes extension of Gujarat’s textile policy
September 2017
The Apparel Export Promotion Council (AEPC) has welcomed the announcement of Gujarat Government to extend its textile policy by one year.
Pratibha Syntex to focus on value addition
June 2017
Afair number of Indian companies are today showing the way, none more so than Pratibha Syntex, which started its organic and sustainable manufacturing. Pratibha Syntex is a leading manufacturer and exporter of knitted garments and speciality yarns, and engages in organic cotton farming, manufacture of cotton, organic cotton, fair trade cotton, etc.
Delhi garment fair to open on Jan 18
December 2016
India International Garment Fair (IIGF), which will be held in New Delhi from January 18 to 20, 2017, is aimed at helping exporters from India showcase their latest designs and apparels for the upcoming season, and expected to attract buyers from all over the world. India’s rich heritage of fabrics mixed with its artisans offers buyers a staggering range.
Clothing export to Iran in for a boost
August 2016
Apparel Export Promotion Council (AEPC) has signed an MoU with the Tehran Garment Union (TGU), an influential manufacturers and retailers association with legislative power in terms of garment commercial affairs in Iran. The MoU signed during the recently-concluded 57th India International Garment Fair (IIGF) in New Delhi by Ashok G Rajani, Chairman, AEPC, and Mohamad Javad Sedghamiz, VP, TGU, will fuel efforts to promote bilateral trade and industrial cooperation in the textile and fashion sectors among Indian and Iranian partners.
BREXIT Hopes Amid Gloom
August 2016
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
India leads GOTS certification in 2015
July 2016
The number of facilities certified to the Global Organic Textile Standard (GOTS) kept on growing last year, from 3,663 facilities in 2014 to 3,814 facilities in 2015. GOTS is recognised worldwide as the leading processing standard for textiles made with organic fibres. GOTS certified facilities are now located in 68 (63 in 2014) countries around the world.
$64 bn export by 2017 | An Uphill Task?
August 2015
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.
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