Trade Analytics

Synthetic and Rayon Textiles Exports

Last Updated: December, 2019

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. Textile industry contributes two per cent to India’s GDP, seven per cent to India’s industrial production and 16 per cent to the country’s exports and employ more than 18 million people directly and more than 20 million people indirectly.

  • In 2018-19, export of manmade staple fibre stood at US$ 572 million; manmade yarn, fabrics and madeups exports to US$ 4.9 billion and exports of readymade garments of manmade fibres reached US$ 3.85 billion in the same period.
  • During April-September 2019, export of manmade staple fibre stood at US$ 275.85 million; manmade yarn, fabrics and madeups exports to US$ 2.39 billion and exports of readymade garments of manmade fibres reached US$ 1.88 billion in the same period.
  • The textile and apparel exports stood at US$ 36.62 billion in 2018-19.
  • India is second largest world producer of polyester and viscose, but India is ranked sixth in the exports of Man-Made Fibre (MMF) textiles.

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.

Technical Textile Industry was estimated at Rs 1.16 trillion (US$ 18.03 billion) in 2017-18.

Source:
Ministry of Textiles

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

Technical Textile Industry was estimated at Rs 1.16 trillion (US$ 18.03 billion) in 2017-18.

Source:
Ministry of Textiles

Exports

Synthetic and Rayon Textiles