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Apparel exports spiralled downward by 12 percent : AEPC Chairman

The Chairman of the Apparel Exports Promotion Council (AEPC) was not happy with the fact thllat apparel exports from India have fallen down by 12 percent in the last three months as a result of GST. AEPC is of the viewthat the tax burden on the industry has increased post the transition to GSTfrom July this year and urged the government to take necessary step to enhance exports from the country. 

As part of the Council’s efforts it has opened an office in the apparel and textile hub of Gujarat at the Gujarat Chamber of Commerce and Industries (GCCI) to lend a helping hand to the State’s garment manufacturing industry and help textile units make a smooth transition from farm to fashion.

Chairman, AEPC, Ashok Rajani was reported to have said.“There are several taxes which have not been subsumed under GST, including petrol-transportation, electricity and cotton seeds which increase the tax burden by 11.5 per cent. Due to this, the industry is suffering with apparel exports declining 12 percent over the last 3 months.

“Currently, apparel exports from India are worth $17 billion and if the government takes necessary measures, this is likely to grow by 20 per cent,” he added.

GCCI also announced that it will organise an international exhibition ‘Farm to Fashion’ to promote textile and apparel in the second week of March 2018.

 
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