The Indian ministry of textiles and the Synthetic Rayon Textile Export Promotion Council (SRTEPC) will jointly undertake the first benchmark study to identify the gaps and suggest measures for developing the man-made fibre (MMF) industry. The ministry has already approved the study, which is expected to be carried out in a month or two.
Both sides are working on shortlisting a competent agency for issuing request for proposals as part of the bidding process.
The study will be completed in four months, SRTEPC chairman Narain Agarwal told a top Indian English-language newspaper.
It will suggest measures and innovative ideas to cater to consumer requirements and improve competitiveness of the Indian MMF textile both in domestic and export markets to help India emerge as the leading country in this segment, Agarwal said.
India is the second largest producer of polyester and viscose in the world, but ranks 66th in export of MMF textile, which has been stagnant at around $6 billion in the last couple of years. (DS)
Fibre2Fashion News Desk – India