SRTEPC has prepared a 20-point strategy for the development of MMF fiber textile segment. The points include: bringing in fiber neutrality, lowering interest rates, making raw materials to be made available at international price, considering textile job work as manufacturing in the goods and services tax regime, considering textile merchant exporters as manufacturer exporter, branding and WTO-compatible schemes.

SRTEPC says, exports of Indian man-made fiber (MMF) textiles are expected to grow 10 per cent to reach $7 billion by the end of fiscal 2020-21. Exports in value-added segments like fabrics witnessed nearly 8 per cent growth during April-October period in 2019-20 as compared to the same period in the previous fiscal.