Exports of synthetic and rayon textiles has registered growth since the start of this financial year and this trend is recording a growth of 7 per cent in dollar term during April – November, 2017. Sri Narain Aggarwal, Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) said this year seems to be a successful one unlike previous year in terms of achievement of growth in this segment.
Aggarwal asserts the main category of fabrics, yarn and made-ups have shown a growth at Rs.20239.69 crores in terms of value and man-made staple fiber has also shown a growth of Rs.2679.28 crores during April-November 2017 period.
Chairman SRTEPC extended his thanks to our Union Textile Minister Smriti Irani for her deep understanding of the problems faced by the MMF segment. He also thanked the Union Commerce and Industry Minister Suresh Prabhu for his support and encouragement for MMF Textile industry. It was due to their continued support and cooperation exports of manmade textiles could grow and achieve its true potential, he said.
Aggarwal attributed this marginal growth of exports to the members of SRTEPC for contributing towards the achievement of an increase in exports. He was aware that the textile industry is striving hard to promote exports of MMF Textiles globally despite the tremendous hardship faced by them by the roll-out of GST from July, 2017 and seeks future co-operation from members to achieve a higher growth in exports for survival of MMF Textile Industry.