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

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) has been instrumental in transforming India’s man-made fibre (MMF) textiles export landscape. Established with the mission to promote the export of synthetic and rayon textiles, SRTEPC has played a pivotal role in enhancing India’s position in the global textile market.

Historical Overview and Growth

India’s MMF textiles exports have witnessed significant growth over the decades. In the fiscal year 2014–2015, exports were valued at approximately US$6.34 billion, marking a nearly 2% increase from the previous year.(United Web Network Storage)

This upward trajectory continued, with exports reaching around US$6.5 billion in 2021–2022.

SRTEPC’s Initiatives

SRTEPC has implemented several initiatives to bolster MMF textiles exports:

• Market Expansion: The council has facilitated access to new markets, including the USA, UAE, and Brazil, resulting in increased export volumes.

• Policy Advocacy: SRTEPC actively engages with the government to secure favorable policies, such as the Production Linked Incentive (PLI) scheme, which aims to boost MMF textiles exports to US$11.4 billion by 2030.(Textile Insights)

• Trade Events: Organizing exhibitions like “Bharat Tex 2024” has provided platforms for manufacturers to showcase products and connect with international buyers.

Impact on Export Performance

SRTEPC’s efforts have led to a diversified export portfolio. In 2021–2022, yarn accounted for 34% of exports, followed by fabrics at 30%, made-ups at 26%, and fibre at 10%.

This diversification has enhanced India’s competitiveness in the global market.

Challenges and Future Outlook

Despite challenges such as global economic uncertainties and fluctuating demand, SRTEPC remains optimistic. The council anticipates a turnaround in exports, with projections of US$6.25 billion for MMF textiles and US$3 billion for technical textiles by the end of the fiscal year 2024.

How Altus Exports Can Assist Indian Manufacturers

Altus Exports offers comprehensive solutions to Indian manufacturers aiming to expand their export reach:

• Market Access: Assistance in identifying and entering new international markets.

• Logistical Support: Streamlined export processes to ensure timely delivery.

• Regulatory Guidance: Expert advice on compliance with international standards and regulations.

By partnering with Altus Exports, manufacturers can leverage these services to enhance their export capabilities and achieve sustainable growth. For more information on how to collaborate, visit Altus Exports’ manufacturer partnership page.

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