The 40th year of Apparel Export Promotion Council (AEPC) was
celebrated at APEC Head office in Gurgaon with Mr. Amitabh Kant CEO, NITI Aayog
presiding as the chief guest for the event and delivered the foundation day
speech highlighting the importance of Indian Apparel sector as a pivot for
higher value addition and employment generation with very low capital
investment. Born in 1978 as a quota monitoring entity, AEPC today
is one of the largest councils of the country. It is recognized worldwide as a
powerful body for the promotion and facilitation of garment manufacturing and
export from India. Built as a sponsored body under the Ministry of Textiles, it
boasts of a strong membership base that exceeds 8300 members.
In his address, Mr. Amitabh Kant said, “China has started moving out of the apparel sector
and there is a huge opportunity for India. Today the wages in China are 2-3
times that of India and given the aging population of China, the cost of
apparel manufacturing will continue to rise there. In such a scenario, the
global suppliers will start looking at other avenues for sourcing.
Countries like Bangladesh and Vietnam are having preferential access in
European Markets and hence it is extremely important that we get the FTA with
Europe ratified at the earliest. As far as Indian apparel exports are
concerned, India is heavily reliant on cotton and we need to see how we can
move to man-made fibres which can help us to garner more global share. There
has been a reduction in the benefits of the Industry post GST roll out and we
are looking at ways through which we could bring it at par with the rates
prevalent in the previous regime. For the benefit of the Industry central and
state levies should be refunded and Government will work with The Industry to
resolve this issue.”
He has also mentioned that at the immediate phase to create positive
signs it is important to resolve the issues viz. blocked
taxes and refund of GST, and exchange rate related concerns to bring back
the apparel export and manufacturing sector in a growth path from
consistent decline trends.
Speaking on the occasion Mr. HKL Magu,
Chairman, AEPC said, “AEPC’s well-timed
initiatives and confidence to take calculated risks, braving all odds,
perceptible across all circumstances, is the key fuel for the India's apparel
export growth. As India is gearing up to move towards WTO-compatible,
production-based subsidies from export-based subsidies, it becomes extremely
important that we position India strongly as a responsible sourcing
At the UP Investor’s summit we have signed a MoU with UP
Government to construct an apparel city in 200 acres on Yamuna Expressway.
With AEPC's capability and initiatives, and continued understanding and
support of the Government, India's apparel exports are sure to grow from
strength to strength while providing international buyers with most superior
solutions in fashion and apparel”.
Incorporated in 1978, AEPC is the official body of apparel exporters in
India that provides invaluable assistance to Indian exporters as well as
importers/ international buyers who choose India as their preferred sourcing
destination for garments. In recent years AEPC has worked tirelessly in
integrating the entire industry - starting at the grass root level of training
the workforce and supplying a steady stream of man power to the industry.
identifying the best countries to
source machinery and other infrastructure and brokering several path breaking
deals for its members and finally helping exporters to showcase their best at
home fairs as well as be highly visible at international fairs the world over.
With AEPC's expertise and all the advantages that India has, it makes for a
truly win-win situation - Indian exporters grow stronger each year in their
achievements, skills and proficiency, while international buyers get superior
solutions for their garment imports.