Aepc News Today

AEPC urges govt to suspend order allowing trans-shipment of Bangladesh export cargo through Delhi Air Cargo complex due to Red Sea crisis increasing transportation costs and shifting export shipments from sea to air mode. Excessive increase in air freight rates, delay in handling and processing of export cargo, and severe congestion at Cargo Terminal making exports uncompetitive.

The textile and apparel industry is the second largest employer in the country offering employment to 45 million people and 100 million in allied industries.

Apparel exporters body AEPC says a uniform GST rate of 5 per cent should be levied across the entire MMF (man-made fibre) value chain (fibre, yarn and fabric)

Union Budget: The Apparel Export Promotion Council (AEPC) has urged the Indian government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and marketing in the upcoming budget. AEPC emphasized the need for tax concessions for apparel manufacturers following Environmental, Social, and Corporate Governance (ESG) standards.

India will organise a series of mega fairs and exhibitions next year in sectors such as food, textiles and auto with a view to attract overseas buyers and increase global footprint of the domestic industry, a senior government official said on Friday. Director General of Foreign Trade (DGFT) Santosh Kumar Saranagi said it was observed that only a handful of domestic exhibitors go outside to participate in such events.

AEPC has created an in-house Market Intelligence Cell to keep the track of trends in import demands forecasted for 2030 and the efforts have been taken at various fronts to hand-hold the industry. He added that so far the exports have been primarily concentrated to the EU and the US, AEPC has been taking various steps to help the industry to diversify its focus to new emerging markets such as Australia, UAE and also Latin America and Africa region.

The earthquake caused complete destruction to over 26,500 houses and partial damage to at least 62,000 houses, Energy, Irrigation and Water Resources minister Shakti Basnet said at an event here on Sunday.

"We have set an ambitious goal of achieving apparel exports of USD 40 billion by the year 2030. This target, aptly named 40 by 30 reflects our commitment to reaching new heights and pushing our limits in the ongoing decade," AEPC said in a statement.

Non-tariff barriers (NTBs) such as certifications, regulations, inspections, and technical barriers to trade (TBT), have become a serious threat to legitimate textile trade, warns Indias Apparel Export Promotion Council (AEPC). Since 2019, there have been 131 notifications of NTBs in the textile sector, with Uganda having accounted for the most, at 71

The decline in Chinese garment exports to Japan provides an excellent opportunity for Indias apparel industry to increase shipments. According to the Apparel Export Promotion Council (AEPC), a strong Indian garment sector with unique offerings provides significant potential for Japanese trading companies to source from India. Currently, Indias share of Japans total import of $23bn is just 1%, but a decline in Chinese garment supplies to Japan over the last five years presents a significant oppor...