India’s readymade garment exports registered a positive growth of just 8.06 per cent in May compared to the corresponding period last year.
The decline in growth is attributed to two reasons. Though exporters are happy with the new rates announced under GST, they need to ensure compliance with GST for input credit for the already existing stock on June 30, which has lead to curtailment in production. Secondly, there is uncertainty about the continuation of ROSL, which was used by small and medium enterprises to boost exports.
According to a recent survey done by AEPC in eight states where there is significant apparel production, 85 per cent of apparel exporters say that they are substantially benefited by ROSL in their export performance, while 65 per cent rate the impact of ROSL as high or game changing.
Incorporated in 1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers and international buyers who choose India as their preferred sourcing destination for garments.
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 manpower to the industry, identifying the best countries to source machinery and other infrastructure from to brokering several path breaking deals for its members and finally helping exporters to showcase their best at home fairs as well as at international fairs the world over.