Trade Analytics

Synthetic and Rayon Textiles

Last Updated: October, 2017

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, colours 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

  • Textile sector is expected to grow at 6 per cent to US$ 40 billion in FY 2017.
  • Export of manmade fibre textiles during April-February 2016-17 stood at US$ 5,250.79 million, as against exports worth US$ 5,286.65 million during the same period a year ago.
  • The total yarn exports during April-March 2016-17 rose 9 per cent to US$ 1,796.11 million as against exports worth US$ 1,650.40 million during the same period a year ago.
  • Total fibre exports during April-March 2016-17 rose 11 per cent to US$ 597.12 million as against exports worth US$ 540.38 million during the same period a year ago.
  • 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 reach 69 billion sq mts during the year 2017-18.

Source:
Government of India

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

Total fabric production in India is expected to reach 69 billion sq mts during the year 2017-18.

Source:
Government of India

Exports

Synthetic and Rayon Textiles