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 Textile & Clothing.
The Apparel Promotion Export Council of India (APEC) is the nodal agency of the Ministry of Textiles, Government of India, for export promotion of apparel products from India.
APEC’s vision is to make India the preferred sourcing destination for the global apparel industry and its mission is to promote Indian apparel products in the international market and to enhance the competitiveness of the Indian apparel industry.
APEC has been playing a pivotal role in the growth and development of the Indian apparel export industry and has been contributing significantly to the country’s economy. The Council provides a platform for interaction between various stakeholders of the Indian apparel export industry, including manufacturers, exporters, importers, buyers, policy makers, etc.
APEC organises trade fairs and exhibitions, buyer-seller meets, fashion shows, etc. in India and abroad to showcase the Indian apparel industry’s capabilities and to facilitate business deals. The Council also provides technical and marketing support to Indian exporters.
Why Was the Apparel Promotion Export Council of India Created?
The APEC works to promote the Indian apparel and textile industry through a variety of initiatives, including market research, product development, trade fairs and exhibitions, and training programs. The AEPC also provides financial assistance to Indian exporters through a number of schemes.
The APEC has been successful in promoting the growth of the Indian apparel and textile industry, which is now one of the largest contributors to the country’s economy. In 2014-15, the apparel and textile sector accounted for around US$40 billion in exports.
How Do We Apply for Grants and Funding From the Apparel Export Promotion Council of India?
If you are an Indian company involved in the garment industry, you can apply for grants and funding from the APEC. To be eligible, you must be a registered member of the Council and have a valid Export Registration Certificate (ERC).
How Is the Value Chain Regulated by the Apparel Export Promotion Council of India?
The AEPPCI regulates the value chain of the textile and apparel industry in India in order to ensure that all products exported from the country meet international quality standards. In addition, the Council also works to improve the competitiveness of Indian textile and garment products in the global market.
The AEPPCI provides a range of services to its members, including training and capacity building, market intelligence, export promotion, liaison with government agencies, and advocacy. The Council also organises trade fairs and exhibitions, both in India and abroad, in order to showcase the products and capabilities of Indian textile and garment manufacturers.
Under the current export promotion schemes of the Government of India, the Apparel Export Promotion Council of India (APEC) gets a number of benefits like exemption from excise duty and income tax. Additionally, the Council also gets reimbursement of state levies and other cesses and duties. All these benefits are available to APEC as it is a statutory body.
The main objective of APEC is to promote the Indian apparel industry globally and increase exports. In order to do so, APEC provides a wide range of services to its members including market intelligence, product development, design intervention, export promotion campaigns, buyer-seller meets, etc. Additionally, Eligibility For AEPC also undertakes promotional activities like organising trade fairs and exhibitions both in India and abroad.
Over the years, APEC has been successful in increasing India’s share in the global apparel market. In the financial year 2018-19, India’s exports of apparel stood at US$ 18.57 billion which was a 7% increase over the previous year. This growth is largely due to the efforts of APEC in promoting Indian apparel globally.
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 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.
The APEC’s efforts have helped make India one of the world’s leading suppliers of textile and clothing products.
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 meet, 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.
Conclusion
Apparel Promotion Export Council (APEC) is an organisation set up with an objective to promote Indian apparel exports. APEC’s primary function is to provide a coordinated and integrated approach to export promotion. It serves as a forum for interaction between the Members of Parliament, Central & State Governments, financial institutions, raw material suppliers and the apparel exporters.
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