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

The Indian textile industry, particularly the Man-Made Fibre (MMF) sector, plays a pivotal role in the nation’s economy. The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), established in 1954, has been instrumental in shaping policies that bolster the MMF textile industry and its exporters. Through strategic advocacy and collaboration with government authorities, SRTEPC has significantly influenced India’s textile export policies.

SRTEPC’s Role in Policy Advocacy

SRTEPC serves as a bridge between the MMF textile industry and the Indian government. By representing the interests of its members, the council actively engages in policy discussions, ensuring that the industry’s concerns and needs are addressed in national policies. This proactive approach has led to several key initiatives aimed at enhancing the competitiveness of Indian MMF textiles in the global market.

Key Initiatives and Achievements

1. GST Implementation and Tax Reforms: The introduction of the Goods and Services Tax (GST) in India posed challenges for the MMF textile sector due to varied tax rates. SRTEPC advocated for a uniform tax rate across the textile value chain, highlighting the adverse effects of the 18% tax on MMF fibre and yarn. Their efforts led to discussions with government authorities to rectify these anomalies, aiming to create a more equitable tax structure for the industry.

2. Promotion of Technical Textiles: Recognizing the global shift towards technical textiles, SRTEPC has been instrumental in promoting this segment within India. The council’s advocacy efforts have contributed to the government’s focus on technical textiles, aligning with global trends and enhancing India’s position in this lucrative market.(textilevaluechain.in)

3. Export Performance Enhancement: SRTEPC has consistently worked towards improving India’s textile export performance. The MMF textiles industry contributes 17% of the total Indian textile exports, with India being the sixth-largest exporter of MMF textiles globally. Through policy advocacy, SRTEPC aims to increase this share, targeting exports to reach Rs. 55,000 crores (US$ 9 billion) by the end of the 12th Five Year Plan (2016-17).

4. Inter-Ministerial Synergy: SRTEPC has facilitated the formation of an Inter-Ministerial Synergy Group on Man-Made Fibre (MMF) to address industry-specific challenges. This initiative underscores the council’s commitment to fostering collaboration between various government departments to streamline policies and support the MMF sector.(SRTEPC)

Impact on MMF Textile Exporters

Through its advocacy, SRTEPC has influenced several policy changes that directly benefit MMF textile exporters:

• Tax Reforms: Efforts to standardize GST rates have reduced the tax burden on MMF textile exporters, enhancing their competitiveness in international markets.

• Market Expansion: By promoting technical textiles and engaging in policy dialogues, SRTEPC has opened new avenues for exporters, tapping into emerging global markets.

• Government Support: SRTEPC’s interactions with government bodies have led to the implementation of schemes and incentives aimed at boosting textile exports, providing financial and infrastructural support to exporters.

Altus Exports: Partnering with Indian Manufacturers

As a leading export facilitator, Altus Exports offers comprehensive solutions to Indian manufacturers seeking to expand their global reach. By partnering with Altus Exports, manufacturers can benefit from:

• Market Access: Altus Exports has established a vast network of international buyers, providing manufacturers with access to diverse markets.

• Export Expertise: With extensive experience in export procedures and documentation, Altus Exports ensures a seamless export process for manufacturers.

• Quality Assurance: Altus Exports prioritizes quality, ensuring that products meet international standards, thereby enhancing the manufacturer’s reputation globally.

Manufacturers interested in partnering with Altus Exports can explore the Manufacturer Partnership program, which outlines the collaboration process and benefits.

Conclusion

SRTEPC’s proactive policy advocacy has been instrumental in shaping India’s textile export landscape, particularly for the MMF sector. Through strategic collaborations and persistent efforts, SRTEPC continues to influence policies that enhance the competitiveness of Indian textile exporters. Partnerships with export facilitators like Altus Exports further empower manufacturers, enabling them to navigate the complexities of international trade and achieve sustained growth.

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