Efforts to push up synthetic textile exports

MUMBAI: In a strategic initiative aimed at augmenting the scale of the $3.4 billion man-made textile exports sector, the nodal body, Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is organising ‘Source India 2010’, a B2B event to attract more buyers especially from the Gulf and African continent.

The event is to be held on January 28 and 29 in Mumbai under the aegis of the Ministry of Textiles and will showcase the latest range of world-class textile products from India.

Over 100 players from the industry would display their products.

Product range

The product range would include basic and fancy yarns, apparel fabrics, trimmings and embellishments, fashion accessories, home textiles, high performance clothing, and industrial and specialised clothing.

The global man-made fibre trade accounts for 60 per cent of total trade in textiles. G. K. Gupta, Chairman, SRTEPC, while addressing the media said India’s share in exports was below 3 per cent at Rs. 15,767 crore ($3.42 billion) in 2008-09. “Our vision is to capture 4 per cent of the market by 2011-12 and touch $6.2 billion.”

“The event will target small and medium manufacturers/exporters and will help consolidate India’s market position in the export markets,” he said.

Man-made fibre exports have been growing at a healthy 12 per cent annually over the last five years in spite of global slowdown.