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Thursday, 11 March 2021 15:13

$20 billion opportunity available for MMF exporters in India, say buying houses

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At the virtual B2B meeting with MMF garment exporters and fabric suppliers, buying houses said, Indian manmade fiber (MMF) garment exporters can aspire to grab $20 billion business in global MMF garment trade even as the domestic apparel industry works at resolving its limitations. The meeting organized by Apparel Export Promotion Council (AEPC) was attended by buying houses like Triburg Apparel and Impulse. Sanjay Shukla from Triburg Apparel urged attendees to create a supply chain starting with design, product development, fabric development, and, garmenting to target 10 per cent of the $200 billionl.

R A Sakthivel, Chairman, AEPC said, government measures like the PLI scheme for MMF segment and creation of seven mega textile parks will increase production and export of MMF garments from India. Fabric producers assured they have ample machinery and technology to produce fabric of international standard, and that they are already supplying to the exporters in a big way. They said that the exporters need to ask for their needs and they will facilitate.

Ajay Sardana from Birla Group of Companies said his company will do everything to produce all types of viscose fabric and is willing to further hire global consultants if certain viscose based fabric with the required finish is not available in India.

Sudhir Sekhri, Chairman (Export Promotion), AEPC, in his concluding remarks said, the government's PLI scheme and the mega parks will expand the MMF weaving and processing sector.