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Related Keywords: AEPC, Bangladeshi mills, Europe, global safety norms, Indian garment export, Indian textile industry, Indian textile ministry, Soaring costs in China

India garment exports due to steady flow of orders from Europe and a weaker rupee witnessed a jump of 23% in August to $1.38billion. With a robust growth in August, exports in the April-August period hit $7.07 billion, up 18% y-o-y, according to the Apparel Exports Promotion Council (AEPC) data.

Having slipped nearly 6% in the last fiscal and witnessing a drop in 10 of the 12 months of 2012-13, garment exports started picking up since March last year as the domestic currency continued a downward journey and demand from the US started picking up due to an economic recovery.

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.