Export of MMF fabrics in last two quarters crosses 50% of the annual target set by the government: SRTEPC

SRTEPC delegation met Commerce Secretary

Surat : The Synthetic and Rayon Textile Export Promotion Council (SRTEPC) has stated that the Man-Made-Fiber (MMF) textile exports, in the last two quarters in 2021 has already achieved about 50% of the target set by  the government.

SRTEPC delegation comprising of its chairman Dhiraj R. Shah, Bhadresh Dodhia, vice-chairman and S. Balaraju, executive director called on Commerce Secretary  B.V.R Subrahmanyam at the Ministry office in New Delhi on Tuesday.

SRTEPC chairman Dhiraj R. Shah, gave stock of the latest export scenario to the Commerce Secretary and informed that by September around 50% of export target fixed for the MMF textiles exports have been achieved. He assured the Secretary the end of the year exports will be much higher than the earlier quarters and that the Council is confident of surpassing the export target.

During the discussion with BVR Subrahmanyam, Commerce Secretary, SRTEPC Chairman  Dhiraj R. Shah and vice-dhairman, Bhadresh Dodhia, thanked him for releasing pending benefits under MEIS, RoDTEP.

The SRTEPC has requested the Commerce Ministry to increase the rates of RoDTEP for the entire Man-made Fibre textiles value chain. Further they have also requested to consider giving transport subsidy to the textiles sector on the lines of agricultural products to address the present crisis of high container freight charges.

Other issues discussed were the extension of Interest Equalisation Fund  scheme till the new Foreign Trade Policy is announced.