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By
Fibre2Fashion
Published
Jan 31, 2018
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Lack of support for small Indian textile units a challenge

By
Fibre2Fashion
Published
Jan 31, 2018

The government’s package of Rs. 6,000 crore will boost the apparel and made-ups sector and strengthen the textile industry, where lack of fiscal support for small players is a challenge, Indian textiles minister Smriti Irani said recently at an award function organised by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) in Mumbai.


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She said the government was providing support so that the sector will achieve its full potential in the years to come, according to a news agency report.

Synthetic and rayon textile exports in the country is expected to reach the $6-billion mark in fiscal 2017-18, up from $5.7 billion in the last fiscal, said SRTEPC chairman Narain Aggarwal. India, the second-largest producer of man-made fibres, is poised to drive the growth engine in that field globally, he said.

India currently produces over 1,441 million kg man-made fibre and over 3,000 million kg man-made filament yarn. The global end-use demand for textile fibre is projected to expand by an average of 2.8 per cent annually to 119.2 million tonnes by 2025, Aggarwal added.

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