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Related Keywords: ambiguities relating to GST, fall highest in percentage term, FIEO, financial crunch, garment exports, hit hard in October, order bookings didn’t happen, reduction in duty drawback rates, worst performing export category

Garment exports hit hard in October as order bookings didn’t happen due to the ambiguities relating to GST. The fall is one of the highest in percentage term, the worst performing export category in October, as per the data with the union commerce ministry.

With readymade garment exports plunging 40.7 percent on a year-on-year (yoy) basis to Rs 5,398 crore in October, exporters have blamed the slump on financial crunch due to the delay in getting GST refunds and reduction in duty drawback rates under the new regime.

Related Keywords: exhibiting products, FIEO, held at Dubai, high fashion women wear, India largest trading partner of UAE, Indian clothing and textile experts, Indian pavilion, Indian textile and apparel industry, International Apparel & Textile Fair, kids wear, leading manufacturer exporters, Member Business Delegation, men wear, Technical Textiles

A 112-Member Business Delegation comprising of 51 leading manufacturer exporters from Textile and Apparel Industry from India is in Dubai exhibiting their products in the "Indian Pavilion" at International Apparel & Textile Fair held from 1st to 3rd November 2017 at Dubai World Trade Centre.

According to Federation of Indian Export Organisations (FIEO), exporters body, huge business opportunities exist in the UAE for domestic textile and apparel sector of India. India is also UAE's largest trading partner and export to the Emirates in 2016 touched $32 billion.

Related Keywords: accelerate growth of textile industry, clearance mechanism, comprising of over ninety percent, facilitate value addition, Federation of Indian Export Organization, FIEO, micro, MSMEs, proposed constituting new textile policy, set up technical textile cluster, Small and Medium enterprises, Tamil Nadu Government, textile promotion board

Federation of Indian Export Organization (FIEO) has proposed constituting new textile policy and textile promotion board to the Tamil Nadu government to accelerate growth of the textile industry comprising of over 90 percent Micro, Small and Medium Enterprises (MSMEs), informed K Unnikrishnan, Joint Deputy Director General of Federation of Indian Export Organization (FIEO).

Related Keywords: A Sakthivel, achieve higher growth, all common facilities, at product diversification, export of technical textiles, Federation of Indian Export Organisation, FIEO, FIEO Southern Region, immense potential, including R&D, planning to set up a technical textile cluster in Tamil Nadu, Regional Chairman, start-ups, talks with various agencies

The Federation of Indian Export Organisation (FIEO) is planning to set up a technical textile cluster in Tamil Nadu for start-ups. The technical textile cluster will have all common facilities including R&D, A Sakthivel, Regional Chairman, FIEO (Southern Region).

The organization is in talks with various agencies to set up a technical textile cluster. Although, at present very few are into export of technical textiles at present but there is immense potential for which the exporters need to look at product diversification to achieve higher growth.

Related Keywords: allocating funds to help compete with global market, disappointed over absence of measures, expressing concern on the proposal of excise duty, FIEO, looking up to budget for incentive, not granting concessions, on branded readymade garments and made up, support textile traders, Telangana state federation of textile association, textile sector

The textile sector was looking up to the Budget for incentives but nothing has been done in this direction, said Telangana State Federation of Textile Associations (TSFTA) president Ammanabolu Prakash on Monday. He expressed disappointment over the absence of measures to support textile traders.

The Federation president Ammanabolu Prakash said that traders play a pivotal role… pay a variety of taxes to the State and Central governments but the Finance Minister has disappointed them by not granting concessions or allocating funds to [help] compete with global market.

Related Keywords: approves interest equalisation scheme, boost exports, Cabinet Committee on Economic Affairs, FIEO, Indian Texpreneurs Federation, move up value chain, pre and post shipment rupee export creidt, SIMA, TEA, textile sector regain export market share, welcomed by textile units

Cabinet Committee on Economic Affairs has given approval for interest equalisation scheme (earlier called Interest Subvention Scheme) on pre and post shipment rupee export credit with effect from April 1, 2015 for five years which is welcomed by the textile units.

According to regional chairman of Federation of Indian Export Organisations, A. Sakthivel, who is also the president of Tirupur Exporters Association was of the opinion that the scheme had come at an appropriate time when the apparel exports registered negative growth in August and September on a year-to-year basis.

Related Keywords: accessories, Designers from India and Pakistan, exhibitors from both countries, fashion, FIEO, Karachi Chamber of Commerce and High Commission of Pakistan, normalize trade relations, Shaan e Pakistan, showcase their creativity, Textile

Designers from India and Pakistan are all set to showcase their creativity in fashion, textile, jewelery, accessories and even furniture in a joint three day exhibition, Shaan-e-Pakistan which is schedule to begin on September 10 in New Delhi where over 150 exhibitors from both the countries will be participate.

Related Keywords: accounts six percent of total exports, at affordable rates, Commerce Ministry, considering interest subsidy scheme for textile sector, demand extension of interest subvention scheme, FIEO, including garments, provide credit to exporter, textile export facing declining trend, to boost shipments

Federation of Indian Export Organisations (FIEO) has demanded extension of interest subvention scheme with retrospective effect from April 2014 as Indian textile exports is currently facing declining trend and also the textiles sector accounts for about six percent of the country's total exports, hence there is a need to support this sector by providing credit to exporters at affordable rates.

Related Keywords: China Kunming Import and Export fair, China South Asia Expo, diverse sectors, establish trade linkage, FIEO, Garments, gateway between mainland its neighbours, India country of honor at the Expo, Indian firms to participate, jute, promoting all round cooperation, showcasing handicrafts

The 3rd China-South Asia Expo, in conjunction with the 23rd China Kunming Import and Export Fair will be held in Kunming from June 12 to 16. The Expo will carry forward an objective of “promoting all-round cooperation and development between China and South Asia and Southeast Asia”, under the theme of “pursuing amity, sincerity, mutual benefits, inclusiveness, and win-win cooperation”.

Related Keywords: affect export, apparel, depreciation of Euro, economic uncertainties in Europe, Euro zone, Exports and traditional sectors, FIEO, India, M Rafeeque Ahmed, machinery, President of FIEO, Textile

Euro Zone accounts for about 18.5 percent of India’s exports and traditional sectors. The sharp and deep depreciation of the Euro would affect India’s exports to Euro Zone significantly According to Federation of Indian Export Organizations (FIEO).

Sectors of exports that are heavily concentrated in the Euro Zone are apparel (USD 6.4 billion), other textiles (USD 5.6 billion), leather and leather products (USD 3.2 billion), gems and jewellery (USD 4.0 billion) and machinery (USD 5.5 billion).