HKL Magu has assumed office as the new Chairman of the Apparel Export Promotion Council (AEPC) for the period 2018-20.He takes over from Ashok Rajani at the conclusion of the Executive Committee meeting. With over 40 years of experience, Magu is a veteran and has been holding the position the Vice Chairman of the council. He has always been very instrumental and influential in getting various incentives and subsidy schemes from Central as well as State Government.
Highlighting his vision for the
apparel Industry Magu said, “Iwould like to thank the board members
of AEPC for electing me as the
Chairman of AEPC. The Industry has
not been able to cope-up with the
sudden dilution of DBK and ROSL rates and is still reeling under the adverse
impact of the move. We are hopeful that
in the New Year Government will extend
the necessary support to the sector, in
the form of continuation old DBK rates
and RoSL rates till June 2018.”
In his illustrious career of over four decades, Magu has held various positions such as the President of Garment Exporters Association (GEA), Chairman of Finance & Budget subcommittee, AEPC, Board of governor of ATDC (Apparel Training & Design Centers). He has been a recipient of Certificate of Merit by President of India for doubling the exports during the year 1993-94 and has also served as the Member of the grievance Committee of Director General of Foreign Trade (DGFT).
He is also the Managing Partner of Jyoti Apparels one of the oldest members of Apparel Export Promotion Council.