Apparel export sector let down by interim trade policy

An apex body of garment exporters today said it is extremely disappointed by the government’s inaction to help the sector tide over impact of global economic downturn.“The textile and apparel sector has been total ignored,” said chairman of the Apparel Export Promotion Council (AEPC) Rakesh Vaid. “No impetus has been provided in the two economic stimulus packages or the interim foreign trade policy.”The procedural simplifications announced under the duty entitlement passbook (DEPB) scheme and cut in customs duty from five to three per...

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Garment exports fall short of $11.6 billion target due to economic slowdown

New Delhi, Apr 29 – Garment exports from India fell 14 per cent short of the 11.62 billion dollar target for 2008-09 but leveled 4.6 per cent over last year’s performance.Provisional figures released today by the Apparel Export Promotion Council (AEPC) showed that 10.13 billion dollars worth of garments were exported in the last financial year compared to 9.68 billion dollars in 07-08.In rupee terms, the figures work out to Rs 46,628 crore for 08-09, up 19.55 per cent from Rs 39,002 for 07-08.“We are happy that garment exports have crossed...

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Demand from textile cos firms up starch mart

The domestic starch makers are witnessing a rise in demand for their finished products. This upsurge can be attributed to the textile sector which players say will sustain. According to them, growth in demand will help firm up starch prices.The starch prices have increased to Rs 800 for a bag (1 bag = 50 kg) from Rs 725-730 a bag in the last couple of weeks, and are expected to rise to Rs 840 a bag. Starch is essentially produced from maize as a raw material.“Demand from the textile industry for starch, which declined to as low as 30 per cent,...

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Carlyle invests $20 mn in women's fashion house Ellassay

Global private equity firm The Carlyle Group announced its US$20 million investment in Ellassay, a high-end Chinese women's fashion house. The investment, funded by Carlyle Asia Growth Partners (CAGP), will enhance Ellassay's product development, brand building, market expansion, business ties and the overall management. Further financial details were not disclosed.Since opening its first store in Shenzhen in 1995, Ellassay has expanded to a sales network of more than 280 retail shops across the country and has seen revenue increase by 30-50 percent...

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U.S Association of Garment & Leather Shoes visits Vietnam

A 17-member delegation of the U.S. Association of Garment and Leather Shoes and the law firm ST&R met with representatives of Viet Nam's Ministry of Planning and Investment, Ministry of Trade and Ministry of Industry in Ha Noi on Jan. 21.The delegation led by Vice President of the Association, Fawn Evenson.The U.S. guests also met with representatives of the Viet Nam Chamber of Commerce and Industry, the Textile and Garment Corporation, the Leather Shoe Corporation and the Viet Nam Leather Shoe Assocation.The guests were briefed on business...

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Indonesia: Garment exports to continue momentum in to next year

The economic turmoil has started taking its toll worldwide and has started affecting operations of a majority of countries in the business of exports of textile and clothing. But the one country to beat this trend seems to be Indonesia which has a booming garment export industry and which accounts for 60 percent of all shipments from the textile sector.This has come about due to the massive investment to the tune of US $363 million in the garment industry in the current year, which is expected to bring a growth rate of 11.4 percent in the present...

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Readymade Garment Industry

We welcome you to the garment industry one of the leading industry of India. We had launched our site and working furthre to introduce some great features to the users.This site is dedicatedly for the exportes, manufacturers, buying agents, dealers, wholesalers, importers, buyers, distributors and all those people who are at any reasons are engaged in readymade garment indust...

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