PR Resource – Muarateweh.net

The export apparel surveying in the India garment industry, the fearing layoffs and closures as exports decline with the hardening rupee, a worried Apparel Export Promotion Council (AEPC) is surveying the current status of India’s garment industry.

The survey will, in particular, collect information on the current level of capacity utilisation and order books position of the units.

In a circular to all AEPC members, council chairman Rakesh Vaidh stressed the need to inform the government about the “distressed conditions” in the industry and their impact on its employment generation potential.

Vaidh said: “Apparel exports have witnessed significant decline in 2007-08 after five years (continue reading…)

In the Cina textile and apparel export in January and February, that is province of Guangdong exported USD 3.52 billion worth of textile and apparel products in January and February 2008, falling 11.3% from the first two months of 2007, citing customs statistics.

Shocked by the sub-prime crisis, the US and Europe, which offer the most textile and apparel orders to China, have been cutting their orders since the last year. The province’s export of such products to the US were valued at USD 280 million and USD 1.6 million in January and February, respectively.

The Chinese yuan has been going increasingly stronger, compared to the US dollar since 2007, resulting in a surge in textile and apparel companies’ currency exchange cost by 20-25%. Labor cost has been leaping in the country. The per capita salary for textile workers in a textile production base of the province has reached CNY 1,600 to CNY 1,700, up 20% from the previous year. Besides, prices of petroleum, transportation and raw materials like cotton have also been hiking. (continue reading…)

The Peru Moda is the main event in the fashion peruvian industry, consider as one of the most important events in Latin America, shows the best of the peruvian export offer in apparel, footwear, accessories and jewelry, plus an area of services that includes machinery, trims and others.

In this 11th edition, Peru Moda will have the participation of more than 300 export companies from the peruvian fashion industry, and with more than 500 import companies from United States, European Union, Latin America, and Asia. This event provides the direct contact between peruvian companies with potential clients; as well as renowned local companies and professionals related to export management.

Peru Moda
www.perumoda.com

The central government’s proposed special purpose vehicle (SPV) to help the textile industry that has been hit by the rupee appreciation is poised to take off in four months.

India PRwire/Indo Asian News — Service The central government’s proposed special purpose vehicle (SPV) to help the textile industry that has been hit by the rupee appreciation is poised to take off in four months.

Siddhartha Rajagopal, executive director of Cotton Textile Export Promotion Council (Texprocil), said: ‘There is a proposal for an SPV. But it is still in the consideration stage. It could take three to four months to conceptualise and launch it.’

However, the other export promotion councils, linked to the union textile ministry, do not seem to be aware of any such proposal.

When contacted, Apparel Export Promotion Council (AEPC) chairman Rakesh Vaidh told IANS: ‘I have taken over as the chairman of the council, but I am not aware of any such idea.’

The proposal for a single agency to deal with textile exports was first hinted at by a textile ministry official during a seminar on the industry – Texcellence 2006 – held here in April 2006.

Sources said Textile Minister Shankarsinh Vaghela would outline the broad features of the scheme when the Lok Sabha discusses the demands for grants for his ministry during the budget session.

According to ministry sources, the idea behind establishing the SPV is to synergise the effectors of different organisations for promoting exports in order to maximise outcome.

The new agency was to evolve an integrated textile promotion in prospective markets identified on the basis of product-country potential analysis.

The agency is likely to be incorporated as a holding company in which all export promotion councils in textiles and clothing sector would be involved as stakeholders. There are nine other councils besides AEPC and Texprocil.

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KUWAIT: (Kuwait Times – McClatchy-Tribune Information Services via COMTEX) The India’s decision to ban all rice exports except for premium brand basmati is resonating throughout Kuwait’s rice market and has accelerated the pace of inflation in the oil-rich country. The ban will hit Asian expatriates especially hard as they are the largest consumers of non-basmati rice in the country, say market watchers.

The scarcity is already being felt in the market. In the near-term, the ban will fuel prices and lead to an acute shortage of the product in the local market. And if the ban continues, we will run out of stock in 45 days, says Ramesh, Concept Manager with Gulf Mart.

Kuwait is already reeling under the impact of unprecedented inflation, with prices of basic (continue reading…)

New Delhi (PTI) – The Export sop on Basmati rice withdrawn as price control measure

The government on Friday withdrew incentives on export of Basmati rice to improve supplies and check prices of the premium foodgrain in the domestic market.

In an all-out effort to tame price rise touching a three-year high of seven per cent, the government has already taken several measures, including ban on export of rice, other than the Basmati variety.

The Cabinet Committee on Prices, which met early this week, revised the export bar by increasing minimum price to 1200 dollars a tonne for Basmati rice.

“Export of Basmati rice shall not be entitled for DEPB (Duty Entitlement Pass Book) benefits,” the Directorate General of Foreign Trade said.

Analysts believe that the removal of DEPB benefits would not make much difference to the export shipments since there is a huge demand for the Basmati rice in the global market and the competition is limited to India and Pakistan.

According to market trend, the price of ‘average’ quality Basmati rice has gone by 50 per cent in the last six to eight months. “The rise in prices of the high-end quality has nearly doubled,” a trader said. However, the prices are not likely to go up further, he added.

“India’s only competitor is Pakistan in Basmati. In fact, since India has better varieties such as Taraori and Bundi, exports are not going to be affected,” Religare Commodities analyst Abhay Lakhman told PTI.

He said the exporters would find ways to make up for the loss of DEPB incentive — 1.5 per cent of export value. The Hindu