Trade Analytics

Synthetic and Rayon Textiles

Last Updated: November, 2016

Introduction

India has a diverse and rich textile tradition. Contemporary Indian textiles not only reflect the country’s rich and splendid past but also cater to the demands of the modern day.

Today, India is one of the world’s leading manufacturers of man-made textiles. Indian fabrics are known for their excellent workmanship, colors and durability. Due to heavy investments in world-class manufacturing plants, continuous innovation, new product mix and strategic market expansion, Indian man-made fibres (MMF) are set to take centre stage in the global arena. The textile and apparel sector contributes 14 per cent to industrial production, 4 per cent to India's gross domestic product (GDP) and constitutes 15 per cent of the country's export earnings. The sector provides employment to nearly 51 million people directly and 68 million people indirectly.

HIGHLIGHTS

  • Export of manmade fibre yarns in June 2016 stood at US$ 20.76 million, registering a year-on-year growth of 35.9 per cent.
  • The total fabric production in India is expected to grow to 69 billion sq mts by 2017-18 from 66 billion sq mts in 2015-16.
  • India is the largest cotton and jute producer and second largest textile fibre producer in the world, and accounts for around 5 per cent share in the global textile and apparel trade.
  • Polyester is the largest segment of the Indian MMF and rayon textile industry.
  • Indian exports MMF textiles to more than 146 countries.
  • Turkey, Egypt, Indonesia, Brazil, and Germany are major importers of Indian man-made fibre yarns.

THE SYNTHETIC AND RAYON TEXTILES EXPORT PROMOTION COUNCIL

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) was set up in 1954 to extend all possible assistance to Indian exporters of synthetic and rayon textiles and to overseas buyers with business in India.

Total fabric production in India is expected to grow to 69 billion sq mts by 2017-18 from 66 billion sq mts in 2015-16.

Source:
Government of India

Exports of Indian MMF textiles during April-November 2014-15 were US$ 3.4 billion against US$ 3.2 billion during the same period of the previous year.

Source:
Synthetic and Rayon Textiles Export Promotion Council (SRTEPC)

SYNTHETIC AND RAYON TEXTILES E-BROCHURE

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Synthetic & Rayon

1 - Resham Bhavan
78, Veer Nariman Road
Mumbai - 400020
Maharashtra
India

Tel.:+91-22-22048797/22048690
Fax: +91-22-22048358
Email: srtepc@vsnl.com
Website: www.srtepc.org

Exports of Indian MMF textiles during April-November 2014-15 were US$ 3.4 billion against US$ 3.2 billion during the same period of the previous year.

Source:
Synthetic and Rayon Textiles Export Promotion Council (SRTEPC)

Exports

Synthetic and Rayon Textiles