Professional Documents
Culture Documents
EU and the US, to meet global standards on labour has pushed Indian apparel manufacturers to take legal compliance matters in their own hands to change the image problem plaguing the country. The apparel export promotion council of India (AEPC) under the textiles ministry is helping domestic textile industry to adhere to global norms through development and implementation of tools to help factories certify, monitor and improve universal standards.
with Japan to target $50 billion in apparel exports over the next three years from $18 billion targeted for 201213.
Indias apparel exports to Japan have already jumped
substantially.
Indias share of the $31.1 billion Japanese apparel
Current facts
AEPC signs MoU with Israel to boost apparel trade To
target the Middle East Market Apparel Market, Apparel Export Promotion Council organized a Buyer Seller Meet in Tel Aviv, Israel from 5 6 September 2012. The MoU is aimed at enhancing trade and economic relation by expanding business and cooperation in the sphere of clothing & fashion industries,
The
government has revised upwards the garment exports target to $18 billion (about Rs 99,000 crore) from $17 billion (about Rs 93,500 crore) for 201213 fiscal For the apparel sector, the marketlinked focus product scheme was extended till the end of the current fiscal for exports to the US and the European Union. Also, the sops included interest subvention on preshipment credit.
target of $40 billion for the current fiscal. In 201112, the countrys textiles exports stood at $32.31 billion.
Continuation
of the Technology Up gradation Fund Scheme (TUFS) with an allocation of Rs. 15,886 crore for the entire 12th Plan (201217).
exports. India's exports in 2011-12 stand at $30 billion against $27 billion in 2010-11
Apparel exports reached $12 billion in February 2012 with a growth
exporters entered Latin America, southern and western Africa, Japan, Russia, Israel and Australia during the year.
Newer markets brought in 10% of business for the industry.