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Textile ministry approves study for developing MMF industry

The Indian ministry of textiles has approved the first benchmark study to identify gaps and suggest measures for developing the man-made fibre (MMF) industry. The study will be jointly undertaken by the ministry in consortium with Synthetic Rayon Textile Export Promotion Council (SRTEPC). Both sides are shortlisting a competent agency for issuing request for proposals as part of the bidding process. The study will be completed in four months. It will suggest measures and innovative ideas to cater to 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.

India is the second largest producer of polyester and viscose in the world, but ranks 66th in export of MMF textile, which has been stagnant at around $6 billion in the last couple of years.

 

 
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