Apparel Export Promotion Council (AEPC) and The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) and some other leading companies have collaborated to boost MMF exports. Few days ago, AEPC called for a joint effort to increase MMF apparel export. The council is also willing to focus on R&D regarding the production of MMF fabrics like international standards and has requested the government to provide them an aid of Rs 25 crore for the same.

India’s apparel exports are likely to decline in the current fiscal as the country lags behind in the export of man-made fiber (MMF)-based apparel in the overall product basket. India’s export of MMF-based apparel is only 10 per cent of its total apparel exports. It is hardly $1.6 billion, whereas the world trade is about $200 billion. India exported man-made filaments worth $2.29 billion in 2018-19 and $2.39 billion in 2019-20. At the same time, it imported man-made filaments worth $1.03 billion in 2019-20 and $0.97 billion in 2018-19.

Similarly, India exported man-made staple fibers worth $1.9 billion in 2018-19 and $1.6 billion in 2019-20. Import of these fibers amounted to $ 0.93 billion in 2019-19 and $0.95 billion in 2019-20.