AEPC LAUDS GOVERNMENT FOR HIGHEST MERCHANDIZE EXPORTS IN Q1FY 2021-22

Apparel Export Promotion Council (AEPC) has lauded the government and exporters for achieving the highest ever merchandise exports of $95 billion in Q1 (April-June quarter) FY 2021-22. As per recent reports, the export of cotton yarn/ fabrics/made-ups grew by 50.86 per cent in June 2021 over June 2019.

Dr A Sakthivel, Chairman, AEPC said, the $400 billion merchandise export target of FY22 is doable.

However, apparel exports could not benefit much from the resurgence in global demand despite a good order book due to lock-downs in many important states, Sakthivel added. He said while overall global demand has remained buoyant, the lock-downs in different parts of the country had kept factories in a partial shutdown.

With decline in daily cases of infection and resumption of economic activities, India is now set to achieve unprecedented export figures this year, he said. 

Watch: https://www.youtube.com/watch?v=KOcERGKODhQ

Dr A Sakthivel, Chairman, AEPC requested & appealed the government to ensure personalized management of MSME exports and early clearance of Rebate of State and Central Taxes and Levies (RoSTCL) cases pending since January 2021.