The Apparel Export Promotion Council (AEPC) has said the government's decision to suspend sops for export of raw cotton and cotton yarn will have a sobering impact on booming fabric prices.
The Apparel Export Promotion Council (AEPC) has welcomed the government's decision to reintroduce duty-free scrips worth two percent of export value under the Market Linked Focus Product Scheme (MLFPS).
The working of Indian businesses has been severely dented by a 40 percent hike in prices of cotton yarn, tumbling values of dollar and euro against the Indian rupee and a sharp increase in minimum wages for workers in the national capital, said Apparel Export Promotion Council (AEPC) in a release on Tuesday.
The government must take more steps to discourage exports of raw material for the sake of finished clothing products in domestic and export markets, the Apparel Export Promotion Council (AEPC) said Thursday.
Garment exports from India dropped 2.64 percent to USD 10.64 billion in 2009-10 compared to USD 10.93 billion in the previous financial year, fresh data released by the Apparel Export Promotion Council (AEPC) showed.