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The three-day India International Fabric Expo-2013 held at Colombo saw international buyers appreciating Surat fabrics, including saris and dress materials.This was the first time that the Southern Gujarat Chamber of Commerce and Industry (SGCCI) had set up a separate pavilion named 'Discover Surat', to display textile fabrics and designs from the city, including embroidery. Around 22 textile exhibitors from the city had participated in the show with their exquisite designer saris and dress materials. They received many enquiries from the fashion designers, garment wholesalers and retailers in Sri Lanka. According to SGCCIoffice-bearers,the objective of participating in the expo was to…
The Apparel Export Promotion Council (AEPC), the apex body of apparel exports in India, has urged the government to keep the momentum of growth rolling as it is important that the manufacturing sector starts picking up fast. The council’s list of demands include duty credit scrip at the rate of 5 per cent, increasing the support under MAI, implementing the gold card scheme, separate chapter for getting export credit for the banking sector at a fixed rate of 7.4 per cent, changes in service tax, income tax and labor laws and easy availability of credit and an assured supply of specialty…
The consistent fall in the rupee against the dollar has aided the textiles sector but the volatility in the exchange rate isn’t allowing the segment to reap the full benefits of the currency’s fall. Experts claim a gradual fall is acceptable to buyers and is absorbed in the international market. But the rupee’s collapse and better realizations of Indian exporters aren’t appreciated by foreign buyers, which are trying to renegotiate contracts. “We have been asked to reduce prices, as our buyers are aware of the sharp fall in the rupee but the problem that would arise later is when the…
The consistent fall in the rupee against the dollar has aided the textiles sector but the volatility in the exchange rate isn’t allowing the segment to reap the full benefits of the currency’s fall.Experts claim a gradual fall is acceptable to buyers and is absorbed in the international market. But the rupee’s collapse and better realizations of Indian exporters aren’t appreciated by foreign buyers, which are trying to renegotiate contracts. “We have been asked to reduce prices, as our buyers are aware of the sharp fall in the rupee but the problem that would arise later is when the rupee…
The overall employment in the Indian textile and clothing sector is expected to increase from the current 33 to 35 million to about 60 to 62 million by 2022. The human resource requirement in the mainstream textile and clothing sector is expected to be closely related to market driven textile and apparel industry growth.  By 2022, there would be an additional human resource requirement of about 25 million persons, of which the mainstream textile and clothing sector has the potential to employ around 17 million people. The total employment in fabric manufacturing in India is estimated to reach 11 million by…
The Intimate Apparel Association of India (IAAI) recently hosted its largest gathering till date with the second round of Galleria Intima, at the Grand Hyatt, Goa. The event was a massive success, with participants from 15 countries and more than 850 intimate apparel manufacturers visiting it. This made the show truly the most diverse sourcing fair that the industry has witnessed so far.  An estimated Rs 4 billion worth of business transactions took place at the fair, an amount that far exceeds the usual anticipated revenues, in the Indian intimate apparel industry. Rakesh Grover, President of IAAI commented on the…
Apparel Export Promotion Council (AEPC) the apex body of Indian apparel exporters organized the ‘India Market Days’ at Apparel House, Gurgaon, its world class venue for the business of fashion from September, 2-3, 2013. In his inaugural address, Sudhir Sekhri, Chairman Export Promotion at AEPC said, “The event will help the garment exporters find the right partners for their business. Through Apparel House, we have provided them with well spaced showrooms wherein they can interact and negotiate good business.” “Market Days is one of the endeavours for AEPC’s export promotion initiatives for the year 2013, wherein we are hopeful that…
Sliding rupee benefits Indian leather companies   While the Indian economy is worried over the downfall of the rupee against the dollar and other foreign currencies, leather industry players, supplying ready-made garments to the likes of Armani, Hugo Boss, Guess or Abercrombie & Fitch are making huge profits. The entire cluster is in a jubilant mood with their order fetching about 20 per cent profit over the original deal value.When the orders were signed the rupee’s value against the dollar was somewhere around 58 and today it has reached over Rs 68 to a dollar bringing tremendous difference to profit…
The record slump in the Indian rupee might be giving nightmares to many but it has cheered readymade garment makers in Indore. The falling rupee has made Bangladesh apparels costlier. The turnaround in the currency exchange rate has helped Indore garment traders see a rise of 20 per cent in fresh orders in the last two month or so.  Imported garments from Bangladesh are normally 10 per cent cheaper than local apparels. However, these import orders have turned expensive with the falling rupee. The rupee depreciation has stemmed the influx of imported garments. Instead domestic clients are turning to Indore garment…
The record slump in Indian rupee might be giving nightmares to many but it has cheered readymade garment makers in Indore. As it has made Bangladesh apparels costlier. The turnaround in the currency exchange rate has helped Indore garment traders see a rise of 20 per cent in fresh orders in the last two month or so. Imported garments from Bangladesh are normally 10 per cent cheaper than local apparels. However, these import orders have turned expensive with the falling rupee. The rupee depreciation has stemmed the influx of imported garments. Instead domestic clients are turning to Indore garment manufacturers. The…
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