Monday, 29 July 2013

India targets Japanese apparel market

India’s Apparel Export Promotion Council (AEPC), under the aegis of Ministry of Textiles, Government of India in active collaboration with the Embassy of India, Japan, participated with 136 companies, constituting a more than a 20% share in overall participation in JFW International Fashion Fair, Tokyo from 17-19 July, 2013.

Zohra Chatterji, Secretary (Textiles), Ministry of Textiles, Government of India led a delegation of manufacturer exporters from apparel, fabric and made-ups along with Dr A Sakthivel, chairman, AEPC, Shri Sudhir Sekhri, chairman export promotion, AEPC, Shri V Srinivas, Joint Secretary (Exports), Ministry of Textiles, and Shri Arun Goyal, Minister (Economic & Commercial), Embassy of India, Tokyo, Japan.

An India Pavilion attracted more than 1,900 buyers and the business negotiated and completed was worth $32.4m.
Garment exports during 2012 were $293m compared with $270m in 2011, posting a positive growth of 8.11%. It is expected that overall growth in business with Japan may exceed 10%, added Dr A Sakthivel.

India and Japan signed a Comprehensive Economic Partnership Agreement (CEPA) which took effect on August, 1 2011.  This has resulted in substantial growth of garment exports from India to Japan, according to AEPC.
Exports of woven apparel in the period 2005-2010 to Japan declined by 3.7%. Between 2011-2012 they grew by 4.6% and were worth $210m. Similarly, exports of knitted apparel from 2005-2010 to Japan fell by 0.2%, but grew by 10.5% between 2011-2012 and were worth $83m.
The value of global textile exports to Japan is $41,540m. Apparel exports were worth $32,073m in 2012. India’s exports were worth $485m.

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