Home / Knowledge / News / Textiles / Synthetic textile producers hope to surpass export target
Synthetic textile producers hope to surpass export target
05
Sep '11
Exports of synthetic and rayon textiles will surpass the current fiscal's target of Rs. 247.5 billion if the Government extends support in the form of facilitative policies like extension of Duty Entitlement Pass Book (DEPB) scheme, Vinod K Ladia, Chairman of Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has said.

Mr. Ladia said that during the months of April and May itself, the synthetic and rayon textiles sector attained 30 percent year-on-year growth in exports, which jumped to Rs. 41.35 billion.

He said that the producers are optimistic that if the trend persists, they may beat the current year's export target set by the Government.

However, if DEPB scheme is prolonged or similar other schemes are introduced, and adequate availability of raw inputs at world prices is ensured, achieving this target would become easier, he added.

Synthetic textile exports for the 2010-11 fiscal grew to Rs. 215.71 billion as against 2009-10's Rs. 197.75 billion, registering a year-on-year rise of nine percent.

Fabrics with a 50 percent share constitute a major part of exports, while yarns account for a 26 percent share, made-ups 16 percent and fibres eight percent.

SRTEPC is surveying expansion opportunities in new markets like Africa, Southeast Asia and South America and as a part of the same it will soon participate in trade fairs in Malaysia and Egypt.

India presently accounts for only four percent of world exports, the SRTEPC Chairman said, and added that in view of the present optimistic trend India can look forward to boost this share in global exports to six to seven percent within next two to three years.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search