Synthetic and Rayon Textiles Exports

Last Updated: December, 2018

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 15 per cent to the country’s exports.

  • Technical Textile Industry was estimated at Rs 1.16 trillion (US$ 18.03 billion) in 2017-18.
  • Between Apr-Sep 2018, export of manmade staple fibre increased 2.68 per cent year-on- year to Rs 2,060.46 crore (US$ 293.60 million); manmade yarn, fabrics and madeups exports increased 11.41 per cent to 17,219.82 crore (US$ 2.45 billion) and exports of readymade garments of manmade fibres reached Rs 129.65 billion (US$ 1.85 billion) in the same period.
  • The textile and apparel exports stood at Rs 1.2 lakh crore (US$ 35.36 billion) in 2017-18.
  • 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.

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