Without modernisation of its entire value chain, India can never become global champion in textile sector.
Browsing: man-made fibre
Without modernisation of its entire value chain, India can never become global champion in textile sector.
Air engineering has been playing an increasingly important role in producing products of international quality. Reliable compressed air is crucial in advanced textile manufacturing processes today.
Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is one of the oldest Export Promotion Councils in India. The council has played a transforming role over the years, inculcating export culture and promoting exports of Indian man-made fibre (MMF) and textiles.
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
The seventh edition of Techtextil India 2019 witnessed a strong participation of 192 exhibitors from major countries across the world.