Apparel Export Promotion Council (AEPC), the official body of Indian apparel exporters, has announced HKL Magu as its Chairman for a period of two years till 2020.
HKL Magu, an expert and patriarch of the Indian apparel and textile industry, has succeeded Ashok Rajani as the next chief of the apparel trade association. The decision was announced earlier today at a meeting held in Gurgaon, Haryana.
The industry veteran, who has more than 40 years of experience, is taking the charge at the apex body of apparel manufacturers at a time when the industry is going through a challenging phase due to the sudden dilution of DBK (Duty Drawback) and ROSL (Rebate of State Levies) rates on the export of garments.
Prior to becoming the Chairman, Magu was among the few players from the apparel industry to have served the Council as a Vice Chairman. Previously, he has worked with Garment Exporters Association (GEA), Chairman of Finance & Budget Sub-Committee, AEPC, Board of Governor of ATDC (Apparel Training & Design Centres) over the years.
The stalwart is a celebrated figure in the industry and is known for raising his voice on various issues of the sector. He has also strongly raised his concerns time and again over the schemes/incentives announced by the Central as well as State Governments for the garment industry.
Mr Magu thanked the board members of AEPC for giving him the chance to serve the Council as its Chairman.
HKL Magu, a recipient of Certificate of Merit by President of India, is also the Managing Partner of Jyoti Apparels, an associate of AEPC since its launch.