Apparel Export Promotion Council ’s Post

The proposals put forward by the Federation of Indian Export Organisations (FIEO) for FY2024-25 come amidst the apex trade body’s growing concern over the slowdown in India’s outbound shipments reflecting in the marginal increase of 1 per cent in India’s exports of USD 38.45 billion in the month of December and decline of 5.7 per cent in exports to USD 317.12 billion during April-December of FY24. India’s merchandise exports in December 2023 registered 0.96 per cent growth over USD 38.08 billion in December 2022. Read full story https://buff.ly/49gAbmp #aepc #apparel #textilesexport #apparelexport #textilenews #apparelnews Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India Piyush Goyal Darshana Jardosh WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council SRTEPC - The Synthetic and Rayon Textiles Export Promotion Council Mithileshwar Thakur

Commenting on the data, Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said India's exports have recorded high growth despite global headwinds and continued inflationary pressure. Even the major apparel exporting countries have witnessed a slowdown in the RMG export growth in recent months, he said. READ FULL STORY : https://buff.ly/4fbLxev ------------------------------------------------------- Giriraj Singh Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

After contracting for the last few months, goods exports growth entered the positive territory coming in at $38.45 billion in December 2023 compared to $38.08 billion in the same month last year, whereas merchandise imports fell 4.9 percent on-year. Commerce Secretary Sunil Barthwal said, "India is beating the global trends in trade. And we expect higher volumes of exports in the last quarter of the current fiscal. "However, for the April-December period, merchandise exports were down 5.70 percent year-on-year at $317.12. billion, while imports contracted by 7.93 percent to $505.15 billion during the same period. Read full story:https://buff.ly/423KTue #aepc #apparel #textilesexport #apparelexport #textilenews #apparelnews Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India Piyush Goyal Darshana Jardosh WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council SRTEPC - The Synthetic and Rayon Textiles Export Promotion Council

𝑨𝑬𝑷𝑪 𝒊𝒔 𝒍𝒐𝒐𝒌𝒊𝒏𝒈 𝒂𝒕 𝒂 𝒈𝒓𝒐𝒘𝒕𝒉 𝒐𝒇 𝒂𝒓𝒐𝒖𝒏𝒅 10% 𝒕𝒐 $16 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 , banking on a faster pick-up in the US and the signing of the much-awaited free trade agreement with the UK. "𝑊𝑒 𝑎𝑟𝑒 ℎ𝑜𝑝𝑖𝑛𝑔 𝑡ℎ𝑎𝑡 𝑡ℎ𝑒 𝑅𝑒𝑑 𝑆𝑒𝑎 𝑐𝑟𝑖𝑠𝑖𝑠 𝑤𝑖𝑙𝑙 𝑒𝑛𝑑 𝑎𝑛𝑑 𝑎 𝑐ℎ𝑎𝑛𝑔𝑒 𝑖𝑛 𝑡ℎ𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒 𝑠𝑡𝑎𝑛𝑐𝑒 𝑖𝑛 𝑑𝑒𝑣𝑒𝑙𝑜𝑝𝑒𝑑 𝑐𝑜𝑢𝑛𝑡𝑟𝑖𝑒𝑠 𝑤𝑖𝑙𝑙 𝑏𝑜𝑜𝑠𝑡 𝑑𝑒𝑚𝑎𝑛𝑑. 𝑇ℎ𝑒𝑟𝑒 𝑖𝑠 𝑔𝑜𝑜𝑑 𝑑𝑒𝑚𝑎𝑛𝑑 𝑓𝑜𝑟 𝑚𝑜𝑟𝑒 𝑣𝑎𝑙𝑢𝑒-𝑎𝑑𝑑𝑒𝑑 𝑝𝑟𝑜𝑑𝑢𝑐𝑡𝑠 𝑏𝑢𝑡 𝑑𝑒𝑚𝑎𝑛𝑑 𝑓𝑜𝑟 𝑝𝑟𝑜𝑑𝑢𝑐𝑡𝑠 𝑎𝑡 𝑡ℎ𝑒 𝑙𝑜𝑤𝑒𝑟 𝑎𝑛𝑑 𝑚𝑖𝑑𝑑𝑙𝑒-𝑒𝑛𝑑 ℎ𝑎𝑠 𝑏𝑒𝑒𝑛 ℎ𝑖𝑡 𝑑𝑢𝑒 𝑡𝑜 𝑟𝑒𝑑𝑢𝑐𝑒𝑑 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑖𝑛𝑔 𝑝𝑜𝑤𝑒𝑟 (𝑑𝑢𝑒 𝑡𝑜 𝑖𝑛𝑓𝑙𝑎𝑡𝑖𝑜𝑛 𝑎𝑛𝑑 ℎ𝑖𝑔ℎ𝑒𝑟 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑊𝑒𝑠𝑡), " Sudhir Sekhri told The Times Of India. Piyush Goyal (मोदी का परिवार) Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India Darshana Jardosh WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council  Sudhir Sekhri Mithileshwar Thakur #apparelexport #textilesexport #textilenews #apparelnews

China's Q1 2024 industrial output rose 6.1 per cent, with manufacturing up by 6.7 per cent. Notably, the high-tech manufacturing sector outpaced overall growth, reporting a 7.5 per cent increase, which is a substantial acceleration from the last quarter of 2023 by 2.6 percentage points. The momentum continued into March, with industrial output seeing a 4.5 per cent increase compared to the same month last year, according to Chinese media reports. Read the full story: https://buff.ly/3Jlq0Sy Piyush Goyal (मोदी का परिवार) Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India Darshana Jardosh WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council  Sudhir Sekhri Mithileshwar Thakur #apparelexport #textilesexport #textilenews #apparelnews

The AEPC will conduct international roadshows in Spain and New York to showcase Indian trade, technology and tradition. Mithileshwar Thakur, secretary-general of the AEPC, said India is increasingly being seen as a preferred sourcing destination. “Indian apparel exports are logging impressive double-digit growth in recent months,” he said. READ FULL STORY : https://buff.ly/4dTiUl3 ------------------------------------------------------- Giriraj Singh Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri MyGov India Handloom Export Promotion Council PHDCCI Membership Confederation of Indian Industry PHD Chamber of Commerce ASSOCHAM (The Associated Chambers of Commerce and Industry of India) #apparelexport #textilesexport #textilenews #apparelnews

“The apparel exports kept its growth momentum despite the global headwinds and persisting red sea crisis as well as other challenges such as logistic cost and global inflation,” said Sudhir Sekhri, Chairman AEPC, in reference to this excellent performance. Over the last five months (April to August, 2024–25), RMG exports have grown at an average rate of 7.12 per cent, defying the trend of declining merchandise exports, which in August reached a 13-month low. READ FULL STORY : https://buff.ly/3XRycSs ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

The India-ASEAN trade deal was signed in 2009 during the UPA era and has become an important source of input materials for Indian industry. While palm oil and natural gas are sourced from Indonesia and Malaysia, items like natural rubber come from Thailand. READ FULL STORY : https://buff.ly/3BM9Xgf ------------------------------------------------------- Giriraj Singh Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

The country's ready-made garment exports (RMG) in August rose by about 12 per cent to USD 1.26 billion despite global headwinds and challenges such as high logistic cost, according to the commerce ministry data. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to USD 6.39 billion. Apparel Export Promotion Council (AEPC) Chairman AEPC Sudhir Sekhri said that exports are keeping the growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs. READ FULL STORY : https://buff.ly/3XvuU65 ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

The ninth round of free trade agreement (FTA) talks between India and the European Union (EU), which will resume on Monday, are likely to address the issue of duty relief for Indian textile products in EU markets, while India is advocating labour-intensive textiles and apparel products to be classified as non-tariff items in the ongoing negotiations. READ FULL STORY : https://buff.ly/3Bg62rJ ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews