As the deadly virus continues to inflict mayhem paralysing almost every industry, Apparel Export Promotion Council (AEPC) urges international buyers to not cancel their orders.
The current scenario of lockdown in countries and closure of borders to combat the virus has created a sense of panic amongst the community of Indian apparel exporters.
What is worrying is the concern that temporary suspension of business due to Coronavirus spread may result in cancellation of orders by some of the buyers, which shall result in serious financial implications for Indian export units and consequential shutdowns.
In the light of the above issue, AEPC has written a letter to most of the EU and US stores, global brands and buying houses seeking their continued support in this critical time via not cancelling orders.
It said “As an important partner in sharing the responsibility that this sector has to the people engaged in the supply chain, we look forward to your kind understanding and pray that you will consider our request.”
Comprehending the intensity of current situation, Indian exporters are willing to cooperate in any manner including hold back shipping till stores reopen and even extend payment terms.
AEPC Chairman praised this industry as it provides employment to millions of workers from different walks of life. It is through their regular orders that people earn wages between US $ 120 and US $ 200.
Also, the council extends support to Indian exporters by taking up their case with the buyers, if such a need arises.