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Friday, 16 July 2021 14:39

Textile Ministry releases compendium on MMF

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Upendra Prasad Singh, Textile Secretary released a Compendium on MMF (Man Made Fibre) Garments during the Executive Committee meeting of the Apparel Export Promotion Council (AEPC) at the Apparel House in Gurugram.

The compendium covers details of all 90 MMF garment HS lines, including the top 10 high potential MMF garments for the USA market. It has the details of fabrics used to produce the 90 HS lines and their supplier details.

Singh said that the Rebate of State and Central Taxes and Levies (RoSCTL) scheme, along with the proposed Production Linked Incentive (PLI) scheme and Mega Investment Textile Parks (MITRA), would help apparel manufacturers see their exports registering a quantum jump.

The aim of the compendium, which has details of HS codes, pictures, fabric suppliers and prices, is to ensure better preparedness by the industry. Presently MMF garments contribute to around 165 billion dollars in total RMG exports of 470 dollars billion globally. India’s mill fibre consumption ratio of Cotton Vs MMF is 60:34. On the contrary, the global mill fibre consumption ratio of Cotton Vs MMF is 30:70. It gives a huge opportunity for Indian apparel manufacturers to diversify in MMF garments, he added.