AEPC Starts Incubation and Resource Centre at Apparel House, Gurgaon

FAIR & EVENTS

♦AEPC Starts Incubation and Resource Centre at Apparel House, Gurgaon

(Ashok G Rajani, Chairman Inaugurating Incubation Centre seen here HKL Magu and Premal Udani)


With the aim of providing a launch pad for startups, the requisite knowhow to set up and operate a manufacturing facility and information on foreign markets to its members, Apparel Export Promotion Council (AEPC) has started an Incubation and Resource Centre at its head office in Gurgaon. The Gurgaon set up will serve as a startup Incubation Centre where entrepreneurs from the Textile/ Apparel/ Fashion sectors will work, interact and accelerate their companies. The Centre will provide an opportunity for startups to connect with investors, mentors and corporates.

The resource facility will also provide an opportunity for startup entrepreneurs to undergo training and participate in workshops and competitions conducted by the Industry partners of AEPC. The Centre will act as an innovation nucleus and information dissemination hub for both innovators and industry, bridging the gap between them.

A trend forecast service will be made available at the Incubation Centre, which will help in getting insights into and acquisition of knowledge on fashion trends for the coming seasons. The Centre will act as a facilitator to Indian companies which can find complete knowledge and assistance services.

The AEPC Incubation and Resource Centre is envisioned to provide information to exporters on foreign markets, serve as a Startup Incubation Centre and facilitate creation of new knowledge through acquisition, organisation and dissemination of knowledge resources. These resources would include a wide variety of reference and textbooks, magazines, journals, samples, audiovisual presentations and documents on fashion history, costumes, merchandising, management and related disciplines.

Beyond this, startups will also be given the opportunity to connect with investors, mentors, corporates and be a part of training, workshops and competitions conducted by our industry partners. Shortlisted startups will be given access to workstations, meeting rooms, event space, and a space to unwind in within the facility.

Additionally, conferences and individual meetings may be organised with country specialists on a regular basis at the Centre, with the aim of informing companies about their target markets in terms of people, product and preferences.

AEPC, for its Incubation and Resource Centre, has signed an MoU with 3M to establish a mutual collaboration that seeks to enhance Occupational Safety of workers and another MOU with the Association of NIFT Alumni to bridge the gap and enhance the relationship between Alumni of the most prestigious Fashion Institute of the country and the Industry.

AEPC Opens Office in Ahmedabad to Boost Exports

The Apparel Export Promotion Council (AEPC) recently inaugurated an office in the premises of the Gujarat Chamber of Commerce and Industries (GCCI) in Ahmedabad, in the state of Gujarat. The initiative by the Council will boost the exports of apparel from the state. Furthermore, an international exhibition will be hosted by GCCI in March 2018.

“Petroleum and other products have been kept out of GST and so there is an additional tax incidence of about 12 percent. India’s competitors have FTAs with buyers, their currency has depreciated and so, their exports are rising,” said Ashok Rajani, Chairman, AEPC. A decline has been observed in apparel exports from India for the past three years. Indian apparel exporters are currently losing competitiveness by around 9 percent in export markets after the rollout of goods and services tax (GST), according to AEPC data. There was a decline of 39 percent in apparel exports in October last. For the period July-October, there has been a drastic fall of 5.94 percent in overall exports of apparels.



♦ALSO RELATED ARTICLES

♦AEPC Starts Incubation and Resource Centre at Apparel House, Gurgaon

♦HKL Magu takes over as the new AEPC Chairman

♦Garment Show Of India Geared For Third Edition on 17,18,19 June 2018

♦Smriti Irani Inaugurates India Pavilion at Heimtextil Frankfurt

♦49th Hong Kong Fashion Week slated for 15-18 Jan