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TEXTILE NEWS UPDATES
10 January 2009, Saturday
  • Apparel exporters seek further steps to boost industry
Apparel exporters seek further steps to boost industry
Expressing their disappointment over the government's second stimulus package announced on January 2, apparel exporters have sought further measures to boost the sector. "Garment exports have declined by 11.29% in November to $ 6.21 billion as compared to $ 7 billion in November 2007 but the government has done nothing to help the $ 10 billion apparel export sector," said, Rakesh Vaid, chairman of the Apparel Export Promotion Council (AEPC). Between April and November this year, apparel exports fell by 0.2%. The Council estimates garment exports to fall 24% short of the $11.62 billion target for 2008-09, Vaid said, adding that it may amount to $8.78 billion as against $ 9.69 billion a year ago.
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