Home / Knowledge / News / Textiles / India's synthetic fibre exports to grow in FY'14: SRTEPC
India's synthetic fibre exports to grow in FY'14: SRTEPC
14
Sep '13
The exports of synthetic or man-made fibres from India are likely to grow to US$ 6 billion in financial year 2013-14, compared to exports of US$ 5.373 billion made in 2012-13, according to The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC).
 
Speaking at the Council’s 12th Annual General Meeting, SRTEPC chairman Rakesh Mehra said India’s man-made fibre exports have consistently grown over the last 10 years, but the last six quarters have registered negative growth due to slow global economic recovery.
 
However, synthetic fibre exports are now rebounding and are likely to reach US$ 6 billion in the current financial year, he added.
 
SRTEPC has urged the Government to revise drawback rates to about 7 percent from the existing 4 percent, to boost man-made fibre exports, Mr. Mehra said.
 
In addition, SRTEPC has revamped its Export Promotional Programmes for the year 2013-14, by targeting both traditional as well new and emerging markets.
 
In 2013-14, the Council proposes to organize exclusive Indian Textile Exhibitions (INTEXPOs) in Colombia, Ecuador, Peru, Burma, Pakistan, Ethiopia, Djibouti and Sudan and also participate in International Fairs in South Korea, Canada, China, Cambodia, Saudi Arabia and Mexico.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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