: Consider perishable apparel exports as essential services: AEPC #FinanceIndia #StockMarketNEWS Consider perishable apparel exports as essential services: AEPC New Delhi, May 26 (KNN) Apparel Export

@StockMarketNEWS Thu 27 May, 2021

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Consider perishable apparel exports as essential services: AEPC #FinanceIndia #StockMarketNEWS
Consider perishable apparel exports as essential services: AEPC New Delhi, May 26 (KNN) Apparel Export Promotion Council (AEPC) has made a fervent plea to Prime Minister Narendra Modi to declare apparel exports as essential services and exempt these exporting units from lockdowns across India.

“We request that the Central government should issue necessary instructions to all the state governments to declare apparel exports as essential services and exempt them from shutdown,” AEPC Chairman Dr A Sakthivel wrote in a letter to the PM.

“Most of the apparel exports are season and fashion sensitive, and their salvage value becomes zero if the production and shipment are not done in time. Considering the perishable nature of the product, apparel exports should be seen as essential services. Besides, many neighbouring and competing countries have already accorded apparel exports the status of essential services,” the Chairman said.

Apparel exporters showed great resilience in getting back on track after being badly hit in 2020 with huge export order cancellations, bankruptcies and labourers going back to native places. Export orders from the US and Europe have revived but now the Indian apparel exporters face the danger of losing these two competing countries as the second wave of Covid-19 crisis has resulted in lockdowns in several states.

“Due to the lockdown, if the units are unable to execute these orders, this will result, not only in the short-term loss of orders and export earnings, but also a long-term loss of the buyers. Our competing countries like Bangladesh, Vietnam, Cambodia and Pakistan are making all efforts to take orders from these regions and if we lose our buyers at this point, they will not come back in the near future,” Dr Sakthivel said.

Earlier in the day, the Council held a video conference meeting with buying houses and associations to discuss the second wave of pandemic. The AEPC Chairman requested the buying houses and agents to explain to the international clients that the situation in India is getting better by the day. He said that they should convince their clients not to cancel their orders as he believes India will bounce back by mid-June.

“We request you to please explain to the buyers that things in India are moving in the positive direction. While daily caseload has come down from 3. 5 lakh to about 2 lakhs in the country, there have been only few cases in the apparel sector. Last week, Tamil Nadu Chief Minister launched vaccination of all garment workers,” he said, adding that AEPC is working with other state governments to vaccinate all the apparel workers.

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