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Apparel Exports council is forty years old

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 destination. 

 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.

 

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