Understanding Letters of Credit in Apparel Trade
Global apparel trade runs on tight margins, tight schedules and tight trust. When a factory in Tiruppur ships a container of shirts to a buyer in Europe, both sides want certainty. The buyer wants assurance that the goods meet the agreed specifications. The seller wants assurance that payment will arrive. A letter of credit is […]
AEPC at 47: Championing India’s Apparel Exports with Renewed Vision
The Apparel Export Promotion Council (AEPC) marked its 47th Foundation Day with a celebratory event at its headquarters in Apparel House, Gurugram. The occasion, filled with pride and gratitude, saw participation from senior functionaries and staff members. The lighting of lamps and cake-cutting ceremony set the tone for the event, symbolizing the council’s continued commitment […]