According to A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), India’s merchandise exports are going to touch $400 billion this fiscal year.
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Sanrhea Technical Textiles is a stock listed and an ISO 9001:2008 approved firm that set up its facility to manufacture industrial fabrics in 1997 as a small convertor and has grown over the years to become one of the largest and most reputed manufacturers of RFL – dipped fabrics for conveyor belts, tyres and other rubber products. Today, the company has an installed capacity of 160 tonnes per month. Tushar Patel, Managing Director, Sanrhea Technical Textiles speaks regarding the scope for technical textile in India and the future plans of the company.
The industry has been pleading the government to remove anti-dumping duty of USD 0.103 to 0. 512 per kg imposed on the VSF during the last several years, which is under active consideration
Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.
A.T.E. has a formidable presence in textile engineering, both in conventional and technical textiles. The company provides a wide range of textile machinery and accessories across the textile value chain along with a comprehensive range of utilities.
In 2020 alone, Asia Pacific accounted for 51 per cent of the global textile market, making it the largest region. India is the second-largest manufacturer and exporter of textile and clothing in the world, with a 5 per cent share of global trade.
Exploring new markets, digitisation, state of the art infrastructure and boost in R&D can reposition India as a leader in the global textile industry.