India has also a decent share of yarn exports in blended yarns and the products are accepted worldwide. India now needs to increase its offers in terms of more value added yarns and specialty yarns for spun yarns.
In terms of continuous yarns we definitely need to add more yarns in our basket. This gap is being identified and surely the entrepreneurs, will add these in their portfolio as soon as an assured market is visible, Chairman added.
Speaking about facing the challenges of increasing competition in the global market, Shri Saran said that it is of paramount importance for us to develop new products in tune with the international trends as well as produce at competitive prices to sustain our export growth.
In this context, the Chairman informed that the Council's unique product development programme for synthetic filament fabrics was launched recently by Shri Shankersinh Vaghela, Hon'ble Union Minister of Textiles in Surat.
The occasion was truly unique as this was the very first initiative of the Council on product development for exports which is expected to play an increasingly important role in the coming years.
Surat is the main centre for production of synthetic filament fabrics and we hope that the project would help to take the export from Surat to greater heights.
The ultimate aim is to establish Surat as the globally known sourcing centre for synthetic fabrics for the international buyers and the domestic garment industry, the Chairman said.
The Council is also planning to have such product development programmes for other products like polyester-cotton blended fabrics, polyester-viscose blended fabrics, sportswear, technical textiles etc, he added.
Dwelling on the policy measures adopted by the Government, the SRTEPC Chairman said that one of the major concerns of the exporters of man-made textiles is the high cost of basic raw materials like fibre and yarn.
During the year, the Council had made several representations to the Government for early interventions so as to make available essential raw materials at international prices for export production.
The duty structure for man-made fibre textiles has to be on par with other fibres for the growth of the export trade. Similarly our efforts to create a market for specialty yarn and fibre can be successful only if we get yarn and fibre duty free for export production.
India's competitiveness in global trade depend on many factors which are controlled by the Government; like labour laws, infrastructure, power, etc.
Exporters should get these facilities at least at par with our competitors to stay successful in the international market. For the time being exporters can be compensated in DEPB and Drawback till a pragmatic solution is found.
The support we get from the Government at present is inadequate for the healthy growth of the industry. Modernisation of the textile industry should be top priority.
The TUF Scheme must continue in a more user friendly manner. The Government should encourage FDI and joint ventures in textile industry. Centres of excellence have to be promoted at the clusters, which can take care of development, quality testing, social audit etc to help our SMEs in particular.
We also look forward to financial support of the Government in carrying out marketing and branding programmes as the funds available at present are grossly insufficient for efficient implementation of the innovative programmes we plan for export promotion, the Chairman pointed out.
The Synthetic & Rayon Textiles Export Promotion Council
marketing@alchempro.com
