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With support Indian technical textile exports can grow: SRTEPC

  

With adequate support, Indian exports of technical textiles can grow and achieve their true potential. So says the Synthetic and Rayon Textiles Export Promotion Council.

The council wants the government to provide enhanced RoDTEP rates for technical textile export promotion for a period of three years. Fixation of SION for technical textile products on a priority basis has also been called for. SRTEPC says inclusion of certain HSN codes of technical textile products under the PLI 2 scheme would go a long way in promoting technical textiles in the country and has urged the textile ministry for provision of additional flexibilities for exports of technical textile products under the scheme of Advance Authorization / DFIA / EPCG.Inclusion of technical textile products under the Interest Equalization Scheme and creating awareness about the capacity of the Indian technical textile sector to supply high quality technical textile products in the world market has also been recommended by the SRTEPC.

India’s share in technical textiles is about six per cent of the world’s market size. The penetration level of technical textiles is low in India but the annual average growth of the segment is 12 per cent as compared to the four per cent world average growth.

 
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