The Apparel Export Promotion Council of India (AEPC) is a statutory body which acts as the apex policy-making body in the country on matters related to Textiles & Clothing. Here’s everything you need to know about the inner workings of AEPC.
The Apparel Promotion Export Council of India (APEC) serves as the primary agency under the Ministry of Textiles, Government of India, dedicated to promoting the export of apparel products from the country. APEC envisions positioning India as the preferred global sourcing destination for the apparel industry and is committed to advancing Indian apparel products internationally, thereby enhancing the competitiveness of the domestic apparel sector.
A key player in fostering the growth and advancement of India’s apparel export industry, APEC significantly contributes to the nation’s economic development. Acting as a nexus for diverse stakeholders within the Indian apparel export sector, including manufacturers, exporters, importers, buyers, and policymakers, the Council facilitates crucial interactions and collaborations.
Functions of Apparel Promotion Export Council
APEC undertakes various initiatives such as organizing trade fairs, exhibitions, buyer-seller meets, and fashion shows both within India and abroad. These events serve as platforms to showcase the capabilities of the Indian apparel industry, fostering business deals and partnerships. Additionally, the Council extends vital technical and marketing support to Indian exporters, further bolstering their presence in the global market.
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APEC’s primary objective is to globally promote the Indian apparel industry and bolster exports. In pursuit of this mission, APEC provides an extensive array of services to its members, ranging from market intelligence and product development to design intervention, export promotion campaigns, and buyer-seller meets. Additionally, APEC actively engages in promotional activities such as organizing trade fairs and exhibitions, both domestically and internationally. |
Why Was the Apparel Promotion Export Council of India Created?
The creation of the Apparel Promotion Export Council of India (APEC) was driven by the objective of fostering and advancing the Indian apparel and textile industry. APEC channels its efforts into a diverse range of initiatives, encompassing market research, product development, trade fairs, exhibitions, and training programs. Additionally, the council extends financial assistance to Indian exporters through various schemes.
Interesting Facts on Apparel Promotion Export Council APEC Of India Activities
- The organisation promotes the export of garments and textile products from India to other countries
- APEC is headed by a Chairman and consists of representatives from different sectors of the garment and textile industry in India. The APEC works closely with various Government agencies, financial institutions and other organisations involved in the export of garments and textile products from India
- APEC organises buyer-seller meetings, fashion shows, workshops and seminars to promote the Indian garment and textile industry globally. It also provides market information and assistance to Indian exporters
- Over the years, APEC has played a pivotal role in making India a leading player in the global garment and textile industry.
| APEC’s endeavors have proven successful in fostering the growth of the Indian apparel and textile sector, positioning it as one of the major contributors to the country’s economic landscape. Notably, in the fiscal year 2014-15, the apparel and textile industry accounted for exports amounting to approximately US$40 billion. |
How Do We Apply for Grants and Funding From the Apparel Export Promotion Council of India?
For Indian companies operating in the garment industry seeking financial support, the pathway involves applying for grants and funding from APEC. To qualify for such assistance, companies must meet specific eligibility criteria, including being registered members of the Council and possessing a valid Export Registration Certificate (ERC).
| Under the prevailing export promotion schemes implemented by the Government of India, the Apparel Export Promotion Council of India (APEC) enjoys several benefits. These include exemptions from excise duty and income tax, as well as reimbursement of state levies and other cesses and duties. These privileges are accorded to APEC as it functions as a statutory body. |
How Is the Value Chain Regulated by the Apparel Export Promotion Council of India?
The Apparel Export Promotion Council of India (AEPPCI) takes on the responsibility of regulating the value chain within the Indian textile and apparel industry. Its primary objective is to ensure that all products exported from the country adhere to international quality standards. Concurrently, the Council is dedicated to enhancing the competitiveness of Indian textile and garment products on the global stage.
To achieve these goals, AEPPCI offers a comprehensive set of services to its members. These include training and capacity building, market intelligence, export promotion, liaison with government agencies, and advocacy. Additionally, the Council actively organizes trade fairs and exhibitions, both domestically and internationally, as part of its efforts to showcase the products and capabilities of Indian textile and garment manufacturers.
The Council’s efforts have yielded positive results over the years, leading to a notable increase in India’s share in the global apparel market. In the financial year 2018-19, India’s apparel exports amounted to US$ 18.57 billion, reflecting a 7% growth compared to the previous year. This growth is largely attributed to APEC’s effective promotion of Indian apparel on the global stage.
| The APEC is an apex organisation with over 10,000 members spread across the country. It is headed by a chairman who is appointed by the Government of India. |
How Is the Statutory Body Governed?
The Apparel Promotion Export Council of India (APEC) is a statutory body set up by the Ministry of Textiles, Government of India, with the objective of promoting the country’s exports of apparel and textile products.
The APEC’s efforts have helped make India one of the world’s leading suppliers of textile and clothing products.
Conclusion
To sum up, the Apparel Promotion Export Council (APEC) is a statutory organisation set up to promote Indian apparel exports and its primary function is to provide a coordinated and integrated approach to export promotion.
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