Exports of Man Made Fibre Textiles items up by 7 Percent

Exports of Synthetic and Rayon textiles has registered a growth since the start of this financial year and this trend is continuing further showing a growth of 7% in US Dollar term during April – November, 2017.

 

Shri Sri Narain Aggarwal, Chairman of The Synthetic & Rayon Textiles Export Promotion Council said that this year seems to be a successful one unlike the previous year in terms of achievement of growth for this sector.

 

According to Shri Sri Narain Aggarwal; main category of fabrics, yarn and made-ups have shown a growth value at Rs.20239.69 crores and man-made staple fibre has also shown a growth of Rs.2679.28 crores during April-November 2017.

 

 

Nov-16

Nov-17

% Grw/ Decline 17/16

Commodity

Value (INR)

Value (US $)

Value (INR)

Value     (US $)

Value (INR)

Value (US $)

MANMADE STAPLE FIBRE

3418049696

50543645

3012539043

46444928

-11.86

- 8

MANMADE YARN,FABRICS,MADEUPS

20167600764

298223916

24718504536

381090254

22.57

28

TOTAL

23585650460

348767561

27731043579

427535182

17.58

23

 

 

April - Nov 2016

April - Nov 2017

% Grw/ Decline 17/16

Commodity

Value (INR)

Value (US $)

Value (INR)

Value             (US $)

Value (INR)

Value (US $)

MANMADE STAPLE FIBRE

25007061921

373271456

26792887650

415284695

7.14

11.26

MANMADE YARN,FABRICS,MADEUPS

196620365171

2935562948

202396957684

3137324574

2.94

6.87

TOTAL

221627427092

3308834404

229189845334

3552609269

3.41

7.37

 

The Chairman of SRTEPC extends his sincere thanks to our Hon’ble Union Textile Minister Ms. Smriti Irani for her deep understanding towards the problems faced by the MMF segment and her kind support. He also thanked the Hon’ble Union Commerce and Industry Minister Shri 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.             

 

 

Shri Sri Narain Aggarwal attributed this marginal growth of exports to the members of SRTEPC for contributing towards the achievement of an increase in exports. He added that he was aware that the Textile Industry is striving hard to promote exports of MMF Textiles globally inspite of 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.

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