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SRTEPC inaugurates regional office in Coimbatore
With the objective of increasing its footprint across the southern part of the country, the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has opened its regional office in the premises of the Southern India Mills Association (SIMA), Coimbatore.
Udeshi conferred with SRTEPC Lifetime Achievement Award
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, recently gave away export awards in a function held on January 27, 2018 in Mumbai. Present during the occasion was: Smriti Zubin Irani, Union Minister of Textiles & Information and Broadcasting; Ajay Tamta, Union Minister of State for Textiles; Anant Kumar Singh, Secretary, Textiles; Dr Kavita Gupta, Textile Commissioner; Rughani, Vice Chairman; Anil Rajvanshi, Convenor, Export Award Committee; and Rajen Udeshi of Reliance Industries.
MMF: Daring to fly higher!
For the man-made fibre industry (MMF) in India, its disgruntlement is turning into unceasing aggression. The reasons are many: China exports 65 per cent of manmade textiles out of its exports of $650 billion while India´s share of manmade textiles is hardly 20 per cent out of its exports of $40 billion.
States in $500-BN RAce!
Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.
Fabrics Flood India | China´s dumping accounts for 80%
Woes for the man-made fibre (MMF) industry have been piling up, with the proverbial last straw being the dumping of cheap fabrics in the last one year amounting to $850 million by countries including three major Asian nations ´ China, Taiwan and Korea.
MMF holds huge scope for growth
India is the second largest producer of man-made fibres (MMF) in the world with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. However, India´s share in global exports of value -added textiles of MMF is miniscule.
Dumping is a two-way traffic. ´Dumpers´ are victims themselves at times. For the global textile industry, which has come a long way since dismantling of quotas in 2005, this is a disputable irritant that rears its ugly head now & then.
TAG meet focuses on growth via innovation
FICCI TAG 2014 conference took place on November 18, 2014 in Mumbai, which was focused on driving growth through innovation in the textile and apparel industry. A white paper on “Driving Growth through Innovation”, prepared by FICCI and Wazir, was also released during the conference.