Surat: The first-ever benchmark study to identify the gaps and suggest measures for developing the man-made fibre (MMF) industry will be jointly undertaken by the ministry of textiles and the Synthetic Rayon Textile Export Promotion Council (SRTEPC).
The ministry has approved the study titled ‘Roadmap to identify gaps and suggest measures’. The study is likely to be carried out in a month or two.
The study is significant for the man-made fibre segment in India and the textile ministry and SRTEPC are working on shortlisting the competent agency for issuing request for proposals (RPF) as part of the bidding process.
Talking to TOI, SRTEPC chairman Narain Agarwal said, “The study will come out with interesting facts and figures related to the MMF industry. The technical specifications of the project have been finalized and we are awaiting the commercial quotation by bidders.”
Agarwal added, “Once the price quotation is approved, the study will be completed within four months.”
Agarwal said the study will suggest measures and innovative ideas to cater to the consumer requirements and improve competitiveness of the Indian MMF textile both in domestic and export markets to help India emerge as the leading country in this segment.
At present, Indian MMF industry produces almost everything that is of good international standard and quality and is one of the leading exporter to the European Union (EU) and the United States.
India is the second largest producer of polyester and viscose in the world, but when it comes to export in MMF textile, the country ranks a distant 66. Despite enormous potential, strong fundamentals and raw material base, the MMF textile export has been stagnant at around $6 billion in the last couple of years.