FIEO news and archive

Signs of US revival cheer Indian apparel exporters

The Indian apparel export community, which was under pressure, till recently due to sluggish economy in the western countries like the US and Europe that are major importing countries now have reasons to cheer. The recent fall of the rupee against the dollar and improving US economy has brought smiles to the faces of India's apparel exporters....

Apparel

Gujarat’s garment exports to witness robust growth

With a new textile policy in place, Gujarat is set to see robust growth in garment exports in the next five years, informed Federation of Indian Export Organisations (FIEO). Gujarat, which currently has around five per cent share in the country’s total garment exports, will see its share growing by three times to around 15 per cent over the next...

Apparel

Apparel exporters demand extension of FMS

Apparel exporters in India have requested the government to extend the Focus Market Scheme (FMS) for at least six months for exports to the US and Europe. At a meeting held to discuss India’s Foreign Trade Policy (FTP) for 2012-13, to be announced on June 5, several issues were discussed that can help the country to achieve $35 billion (over Rs...

Apparel

Slowing exports may affect India's job market

According to the recent data released, the slowing exports are signalling at a crisis in labour intensive industries like readymade garments, electronic goods, and gems and jewellery industry too would suffer a huge blow, if demand remains sluggish in major exporting destinations. Drying demand for labour-intensive goods is also giving rise to...

Apparel

Exporters suffer as buyers demand discounts

While the exporters were happy with depreciating Indian rupee against the dollar, their happiness has not lasted long. With the Indian rupee continuing its depreciation against the dollar, exporters who were earlier cheering for getting more rupees for their exports, are now worried as foreign buyers are pushing them for bigger discounts. “The...

Apparel

India’s holiday exports to grow 30% this year

With purse strings loosened as people look forward to a prosperous year ahead, global retail biggies like Wal-Mart, Marks & Spencer, Tesco, Carrefour and Ikea have stepped up sourcing from India in a big way ahead of the year-end holiday sales. Exporters estimate this increase in sourcing to be 25-30 per cent year-on-year. Even large Indian...