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India to hit $7 bn in MMF textiles exports in 2020: SRTEPC
Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).
export performance, a serious concern for mmf segment
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is one of the oldest Export Promotion Councils in India. The council has played a transforming role over the years, inculcating export culture and promoting exports of Indian man-made fibre (MMF) and textiles.
India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
2019 in review: The year that was
The production of the Textile Engineering Industry (TEI) recorded a decrease of 1 per cent viz. Rs 6,865 crore in 2018-19 as against Rs 6,900 crore achieved during 2017-18.
Technical textile industry upbeat after Techtextil India
An industry growing at a CAGR of 20 per cent to reach $28.7 billion, technical textiles is one of the most dynamic sectors in India. Techtextil India 2019, the leading platform to source products using technical textiles, reflects the industry with the biggest opening received this year.
Comez novelties in crochet & warp knitting field
COMEZ was present at the ITMA 2019 in June with innovative machineries in crochet and warp knitting field, interpreting and offering solutions to the market specific needs. As all the novelties of the Jakob Müller Group, COMEZ machines were released and exhibited for the first time during that exhibition.
Textile machinery output stagnant, but exports rise: M Trivedi
While speaking at the 59th Annual General Meeting of the Machinery Manufacturers’ Association (India) on September 27, 2019 at Hotel Trident, Mumbai, TMMA’s ex-Chairman Mehul Trivedi spoke on the production trends in the textile engineering industry.