Trouble for the AEPC refuses to die down with charges of corruption and maladministration flying thick and fast all around. The latest controversy, in a never-ending saga, is regarding the appointment of the current Chairman of AEPC, Ashok G. Rajani, due to selective relaxation granted to AEPC by Ministry of Commerce (MoC) to subvert its own guidelines, ironically issued to all Export Promotion Councils (EPCs) through FTP – 2015-2020 for ensuring transparency, democracy and good governance. Apparel Online, which has been following this story since Day 1, takes a closer look… After going through a slow 2015, with Indian exports witnessing a moderate growth of 8%, exporters, though ‘upbeat’, have become ‘over-cautious’ for the current year. Talking to exporters on how the year gone by was and what their goals are for this year, threw up some interesting replies… Indian mills are foraying into the Bangladesh industry as the demand for fancy and value-added yarns is growing; in fact Indian textile giants like Arvind and Vardhman are already established names in the Bangladesh industry with growing operations for greater share in the market targeted to be worth US $ 50 billion by 2021 (this year export is expected to be more than US $ 27 billion). Of late even small- and medium-level yarn companies of India are aggressively working in Bangladesh market and adding clients. Besides the above, our regular columns of Mind Tree, Fashion Trends, Industry Wire, Resource Centre, Export Statistics, etc. make the issue worth reading.
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