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

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search