SRTEPC to get more realistic exports trend in coming months
28 Sep '07
6 min read
Exports of Indian man-made fibre textiles touched an all-time high of Rs.11,300 crores during 2006-07; showing a growth of over 10% compared to the previous financial year, observed Shri Sanjeev Saran, Chairman, The Synthetic & Rayon Textiles Export Promotion Council on the occasion of Annual General Meeting held in Mumbai on 28th September 2007.
He added that viewed in the context of high raw material prices and fierce competition from China and other Asian countries, the performance is truly commendable.
The SRTEPC Chairman noted with satisfaction the continuing buoyant trend in exports during the first four months of the current financial year (April-July 2007).
As per the available port data, exports amounted to Rs.3400 crores, registering a growth of over 27% in rupee terms as compared with the exports during April-July 2006.
However, we have to temper the optimism as the orders for most of these exports were booked before the effect of the strengthening of rupee came into play.
Hence, we will get more realistic trend of our exports in the coming months for the rest of the year, the Chairman added.
The noteworthy trend during April-July 2007 is the remarkable growth in export of yarn by nearly 65% and fibre by over 48%. However, the exports of value added items like fabrics and made-ups just managed to remain positive.
This is a worrying development. Turkey and Brazil have emerged as the new promising markets. Other high growth markets at present are Germany, Belgium, Indonesia, Egypt and Afghanistan. He urged the members to take note of this changing market and product matrix while planning their marketing strategies.
According to the SRTEPC Chairman, man-made fibre textiles are increasingly dominating the global textile scene. However, India's share in the global man-made fibre textile trade at present is only 2.12%.
It is in this context that the Council has set its vision to achieve an ambitious target of US$ 6.5 billion by the year 2012 by capturing 4.4% of global MMF textile trade.
This can only be achieved if all the stakeholders have a focused strategy and work with determination. The exporters have to seize the opportunities and take the initiative to change their mindset to become real global players with exports as core of their business activity.
The Government needs to urgently facilitate competitiveness by suitable fiscal measures and provide a level playing field to create an enabling atmosphere free of infrastructural bottlenecks and cumbersome labour laws so that companies are encouraged to invest more, modernize quicker, develop global scales of economy to become robust competitors in global markets, Shri Saran pointed out.
He said that in some sectors of the industry, India is very strong by world standards. On the fibre front India is already emerging a world leader. We are also comfortable in production of main raw materials like polyester, viscose, acrylic and their blends thereof.
marketing@alchempro.com
