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.
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.