Apparel Export Promotion Council (AEPC) has called for a joint action plan to increase export of manmade fibre (MMF) garments for raising India’s share in global apparel trade.
The export of MMF garments is only 10 per cent of India’s total apparel exports. It is hardly US $ 1.6 billion, whereas the world trade is about US $ 200 billion.
In a webinar on ‘Increase in Export of MMF Garments’, organised by AEPC, its Chairman Dr. A. Sakthivel said, “India has a lot of fibre and yarn but is not able to make the best. So, to increase share in the global MMF garments business, AEPC has initiated a dialogue with Grasim and The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC).”
“The domestic fibre consumption ratio in India at present is 40:60 between MMF and natural fibres, which is almost opposite to the global fibre consumption trends,” said Ronak Rughani, Chairman, SRTEPC.
Manmohan Singh, Global Head – Marketing and Business Development at Grasim Industries Ltd., said that in the last 5 years, the viscose fibre-based apparel export has increased 11 per cent, whereas exports of most of the other fibres have either declined or remained stagnant. He added “It is due to our collaborative efforts with our value chain partners, and the promotion and awareness we created in the space.
AEPC will host a series of webinars on how to increase the export of MMF-based apparels.
