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Related Keywords: cotton fiber, country's production of textiles, Domestic production of textiles, exports and trade, SRTEPC, synthetic, targeting to double textile production, Textile Ministry, trade, USD300 billion by 2025

With the domestic production of textiles at $110 billion and exports and trade at $40 billion, the country's production of textiles at present is worth $150 billion. The Textile Ministry is targeting to double textile production and trade to $300 billion by 2025, said Textile Commissioner Kavita Gupta on Friday.

Related Keywords: benchmark study in shaping, identify the gaps, launched study, Mega event Textile in Karnataka, Ministry of textile, MMF textile in India, MMF textile production and exports, MMF textile segment, promote growth of man-made fibre, SRTEPC, suggest measures, textile commissioner’s office

At the mega event ‘Textile in Karnataka’ on Monday, the ministry of textile and the textile commissioner’s office launched a study to promote growth of man-made fibre (MMF) textile in India and to identify the gaps and suggest measures.

According to the Synthetic and Rayon Export Promotion Council (SRTEPC), the study on the MMF sector is aimed at demystifying the factors responsible for the stagnation of the MMF textile segment in India. The study will give a road map to identify gaps and suggest measures.

Related Keywords: blockage of working capital, condition of no refund ITC, created a huge accumulation of nonrefundable ITC, entire downward value chain, fabric stage, fabrics slotted under 5 per GST slab, manmade fibres, powerloom sector, slotted under 18 percent GST rate, spinning and power loom sector, SRTEPC, Textile Industry, with weavers, yarns

The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge accumulation of nonrefundable ITC with the weavers and blockage of working capital.

Related Keywords: comprising international buying houses, fashion houses, importers, key stakeholders globally, luxury and retail brands, Ministry of Textiles planned roadshow, plans road shows, recognized as a must visit international event, reputed fashion designers, SRTEPC, textile expo aboard, Textiles India, to promote the event

Textiles India 2017 is recognized as a "must visit" international event for key stakeholders globally comprising international buying houses, importers, fashion houses, luxury and retail brands and reputed fashion designers said Synthetic and Rayon Textile Export Promotion Council (SRTEPC) chairman Narain Agarwal.

The event will host pavilions of focus countries such as the UK, the USA, Germany, Japan, China, South Korea, Kazakhstan, Turkey and Australia. The Ministry of Textiles has planned road shows in many of these countries as well as in Russia and UAE to promote the event.

Related Keywords: Afghanistan fast emerging market of textiles, banking system not solid, boosting direct export of polyester fabrics, delegation from Afghanistan, Indian exporters, jointly signed MoU, madeups, MMF hub in Surat, negligible direct trade of textiles, sell through third countries, SGCCI, SRTEPC, working out trade facilitation programme

Afghanistan is a fast emerging market of textiles and currently Indian exporters have negligible direct trade of textiles with Afghanistan which they sell to this market through third countries. Synthetic and Rayon Textile Export Promotion Council (SRTEPC), apex body of Indian textile industry and Southern Gujarat Chamber of Commerce and Industry (SGCCI) have jointly signed a memorandum of understanding (MoU) with a delegation from Afghanistan for boosting direct export of polyester fabrics and made-ups from India, especially from MMF hub in Surat to Afghanistan.

Related Keywords: ASFI, Chinese imports impacting domestic MMF industry, dumping of synthetic fibre and yarn products in India, FIASWI, made anti subsidy petition with central government, seeking clarification from Chinese government, SRTEPC, Synthetic textile industry bodies, various subsidies offered to its exporters

Troubled by Chinese imports that have been impacting the domestic man-made fibre industry, industry representative bodies led by Synthetic Rayon Textiles Export Promotion Council (SRTEPC), Federation of Indian Art Silk Weaving Industry (FIASWI) and Association of Synthetic Fibre Industry (ASFI), among others made an anti-subsidy petition with the central government.

Related Keywords: achieve target of USD nine billion, big brands in India, buyers from international markets, exhibitors roadshow, export from India, fashion shows will be organized, fibre, global buyer sellers meet for MMF and textile in Surat, maximum exposure to fabrics, organize its flagship Source India, SRTEPC, theme future trends in MMF, yarns

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has organized its flagship 'Source India-2016', a global buyer sellers meet for MMF and textile in Surat, under the theme 'future trends in man-made fiber'" with the aim to achieve the target of $9 billion worth of man-made fabric (MMF) export from India.

Related Keywords: association with high commission of India, Dhaka organizing fair, display their latest range of textile items, establishing mutually beneficial business tie, leading Indian manufacturing, SRTEPC, Synthetic and Rayon Textile Industry gaining momentum in India, titled Intexpo Bangaldesh, two-day exhibition on Indian textile

In the wake of the Synthetic and Rayon Textile Industry gaining momentum in India, the The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) of India in association with High Commission of India, Dhaka is organizing the fair tilted Intexpo Bangladesh 2016 at Pan Pacific Sonargaon hotel.

Mashiur Rahman, economic affairs advisor to the Prime Minister, is expected to inaugurate the exhibition. Vice-Chairman at SRTEPC Srinarain Aggarwal disclosed details about the event at a press conference in a city hotel.

Related Keywords: Africa and South America participate, Diamond city Surat, direct sourcing, first time zeroed in on Surat textile industry, garment manufacturers from across West Asia, Government of India, largest MMF industry, Over hundred fabric importers, promote fabrics as emerging brand, Source India programme, SRTEPC, two day buyer seller meet organized

Government of India and the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) for the first time have zeroed in on Surat's textile industry to promote its fabrics as an emerging brand. A two-day long buyer-seller meet will be organized under the 'Source India' programme from August 13 in the Diamond city Surat which is also the country’s largest man-made fabric (MMF) industry.

Over 100 fabric importers and garment manufacturers from across West Asia, Africa and South America will come down to the Diamond City for direct sourcing of fabrics manufactured in Surat.

Related Keywords: Ao dai and Saree, Ao Dai Museum, beauty and unique identity, convey culture, Cotton Textiles Export Promotion Council, fashion show to honour beauty of two traditional costumes, from Vietname and India, local and Indian enterprises, organized by Indian Consulate General in Ho Chi Minh Cit, SRTEPC, Vietnam International Fashion Week

Vietnam International Fashion Week 2016 at the fashion show to honour beauty of the two traditional costumes of Vietnam and India, Ao dai and Saree to be held at Ao Dai Museum in Ho Chi Minh City’s District 9 from 1st April.

The two costumes are extremely unique because they have their own identity. The saree, for example, has been in existence for 3,000-5,000 years and has never gone out of fashion.

Similarly ao dai, looks extremely ethnic and at the same time have a very modern look depending on how you wrap it.