Business

India: AEPC’s India Market Days receives good response

The Apparel Export Promotion Council (AEPC) organized ‘India Market Days’ at Apparel House, Gurgaon, from September 2-3, 2013. Sudhir Sekhri, Chairman, Export Promotion, AEPC, in his inaugural address said, “The event will help the garment exporters find the right partners for their business. Through Apparel House, we have provided them with well spaced showrooms wherein they can interact and negotiate good business.”

Lalit Thukral, Senior Vice- President, Apparel House Exporters Association & Convener, Apparel Mart, Apparel Market Days said, “I am happy that AEPC is taking concrete and planned steps to promote Apparel House by holding regular India Market Days I am sure India Market Days will be useful for both buyers and sellers in growing their business.”

The Chief Guest of the event was Anika Passi, Regional Merchandise Manager, K-Mart, Australia Ltd. India Market Days is one of AEPC’s export promotion initiatives for the year 2013. India Market Days has been approved by the Ministry of Textiles and is funded under the Market Access Initiative (MAI) Scheme of Ministry of Commerce & Industry, Government of India, for inviting overseas buyers and buying agents under Reverse BSM.

The product profile at the show included a complete range of apparel, and also home textiles and made-ups. More than 100 showroom holders exhibited their latest collections to buyers from countries like Greece, Australia, Botswana, South Africa, Ecuador, USA, etc. Exhibitors/showroom holders are from cities like Jaipur, Gurgaon, Noida, New Delhi, Ludhiana, etc. Another set of Market Days will be organized in November, 2013. The last edition of India Market Days, in July 2013, generated business worth US$ 272,000.

Apparel exports were to the tune of US$1279 million in July 2013-14, an increase of 19%, compared to the corresponding month of the last financial year. In rupee terms, the exports went up 28% in July 2013-14 over the same month of previous FY. Exports during April-July, FY 2013-14 increased 13% over the same period of the previous FY and reached US$ 4841 million.