Financial Assistance Programs by SRTEPC for Textile Exporters

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), now known as the Manmade and Technical Textiles Export Promotion Council (MATEXIL), has been instrumental in promoting India’s man-made fibre (MMF) textiles and technical textiles in the global market. Established in 1954, the council has played a pivotal role in transforming India’s textile export landscape. Exports of MMF textiles, which were negligible in the 1960s, have grown substantially, reaching US$6.16 billion during 2013-14.(How To Export Import)

Market Access Initiative (MAI) Scheme

One of the primary financial assistance programs offered by SRTEPC is the Market Access Initiative (MAI) Scheme. Launched in 2003, the MAI Scheme aims to act as a catalyst to promote India’s exports on a sustained basis. The scheme is formulated on a focus product-focus country approach, evolving specific markets and products through market studies and surveys.(Ministry of Commerce and Industry)

Key Features of the MAI Scheme

• Objective: To enhance India’s export performance by facilitating access to new markets and increasing the share in existing markets.

• Assistance Provided: Financial support is extended to Export Promotion Councils, Trade Bodies, Commodity Boards, and other organizations for undertaking various export facilitation and promotion activities.

• Eligible Activities: The scheme supports activities such as market studies, participation in international trade fairs, buyer-seller meets, and other promotional events.

SRTEPC’s Role in the MAI Scheme

Under the MAI Scheme, SRTEPC has been actively involved in organizing and participating in various international trade exhibitions and buyer-seller meets. These initiatives provide Indian textile exporters with platforms to showcase their products, connect with potential buyers, and explore new market opportunities.

Impact on Textile Exporters

The financial assistance provided under the MAI Scheme has significantly benefited Indian textile exporters. By participating in global trade events and conducting market studies, exporters have gained valuable insights into international market trends, consumer preferences, and competitive landscapes. This knowledge has enabled them to tailor their products and marketing strategies effectively, leading to increased export volumes and enhanced global competitiveness.

Facts and Figures

• Export Growth: India’s MMF textiles industry contributes 17% of the total Indian textile exports, with a growing share in the global market.

• Global Standing: India is the sixth-largest exporter of MMF textiles in the world, underscoring the significance of the sector in the global textile industry.

How Altus Exports Can Assist Indian Manufacturers

Altus Exports, with its extensive experience and global network, can play a crucial role in assisting Indian manufacturers in exporting their products. By partnering with Altus Exports, manufacturers can benefit from:

• Market Access: Leveraging Altus Exports’ established relationships with international buyers to access new markets.

• Logistical Support: Ensuring efficient and cost-effective logistics solutions for timely delivery of products.

• Regulatory Guidance: Assistance in navigating international trade regulations and compliance requirements.

To explore partnership opportunities with Altus Exports, Indian manufacturers can visit the following link:

Conclusion

SRTEPC’s financial assistance programs, particularly the MAI Scheme, have been instrumental in bolstering India’s textile exports. Through strategic initiatives and support mechanisms, the council has empowered exporters to expand their global footprint. Collaborations with organizations like Altus Exports further enhance the prospects for Indian manufacturers in the international market.

SRTEPC’s Response to Global Challenges: Adapting to Market Dynamics

Sustainability in Textiles: SRTEPC’s Commitment to Eco-Friendly Practices

SRTEPC’s Awards: Recognizing Excellence in Textile Exports

SRTEPC’s Trade Centre: A Gateway for International Buyers

Educational Initiatives: SRTEPC’s Training Programs for Exporters

Promoting India’s Textile Image: SRTEPC’s Global Marketing Efforts

Financial Assistance Programs by SRTEPC for Textile Exporters

Policy Advocacy: SRTEPC’s Influence on India’s Textile Export Policies

Navigating Global Markets: SRTEPC’s Support for Indian Exporters

SRTEPC’s Role in Elevating India’s MMF Textiles Exports